Advantus Capital Management Inc lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 19.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,575 shares of the company’s stock after selling 2,318 shares during the period. Advantus Capital Management Inc owned 10,148.38% of Packaging Corporation of America worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PKG. Janus Henderson Group PLC grew its holdings in shares of Packaging Corporation of America by 6,234.6% during the second quarter. Janus Henderson Group PLC now owns 597,731 shares of the company’s stock worth $66,587,000 after purchasing an additional 588,295 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Packaging Corporation of America during the second quarter worth $59,914,000. APG Asset Management N.V. grew its holdings in shares of Packaging Corporation of America by 76.4% during the third quarter. APG Asset Management N.V. now owns 974,228 shares of the company’s stock worth $111,724,000 after purchasing an additional 422,100 shares during the last quarter. FMR LLC grew its holdings in shares of Packaging Corporation of America by 41.9% during the second quarter. FMR LLC now owns 1,381,644 shares of the company’s stock worth $153,902,000 after purchasing an additional 407,702 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Packaging Corporation of America by 34.7% during the second quarter. Principal Financial Group Inc. now owns 1,298,086 shares of the company’s stock worth $144,594,000 after purchasing an additional 334,701 shares during the last quarter. Institutional investors own 88.34% of the company’s stock.

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In other Packaging Corporation of America news, VP Thomas A. Hassfurther sold 6,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$117.94, for a total value of C$707,640.00. Following the transaction, the vice president now owns 155,071 shares of the company’s stock, valued at C$18,289,073.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jason Wayne Moreau bought 1,326,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of C$0.06 per share, for a total transaction of C$79,560.00. Insiders sold 18,177 shares of company stock worth $2,127,472 in the last three months. Insiders own 1.20% of the company’s stock.

Packaging Corporation of America (NYSE PKG) opened at C$110.27 on Friday. Packaging Corporation of America has a one year low of C$81.55 and a one year high of C$120.75. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $10,403.97, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.82.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, October 25th. The company reported C$1.68 earnings per share for the quarter, missing the consensus estimate of C$1.69 by C($0.01). Packaging Corporation of America had a net margin of 8.18% and a return on equity of 29.38%. The company had revenue of C$1.64 billion during the quarter, compared to analyst estimates of C$1.64 billion. During the same period in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. equities research analysts expect that Packaging Corporation of America will post 5.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 15th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, September 14th. Packaging Corporation of America’s payout ratio is 46.67%.

Several brokerages have recently commented on PKG. BMO Capital Markets restated an “outperform” rating and set a $122.00 target price (up previously from $118.00) on shares of Packaging Corporation of America in a report on Tuesday, August 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 price target on shares of Packaging Corporation of America in a report on Friday, August 18th. BidaskClub upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Vertical Research reiterated a “buy” rating and issued a $124.00 price target (up previously from $118.00) on shares of Packaging Corporation of America in a report on Wednesday, August 23rd. Finally, Barclays PLC raised their price target on Packaging Corporation of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Packaging Corporation of America currently has an average rating of “Hold” and a consensus target price of C$117.36.

Packaging Corporation of America Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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