RPg Family Wealth Advisory LLC lessened its position in shares of Packaging Corporation of America (NYSE:PKG) by 18.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,905 shares of the industrial products company’s stock after selling 8,325 shares during the period. Packaging Corporation of America accounts for 3.6% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 9th biggest holding. RPg Family Wealth Advisory LLC’s holdings in Packaging Corporation of America were worth $4,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PKG. Janus Henderson Group PLC raised its stake in Packaging Corporation of America by 6,234.6% during the second quarter. Janus Henderson Group PLC now owns 597,731 shares of the industrial products company’s stock worth $66,587,000 after buying an additional 588,295 shares during the last quarter. American Century Companies Inc. bought a new position in Packaging Corporation of America during the second quarter worth $59,914,000. APG Asset Management N.V. raised its stake in Packaging Corporation of America by 76.4% during the third quarter. APG Asset Management N.V. now owns 974,228 shares of the industrial products company’s stock worth $111,724,000 after buying an additional 422,100 shares during the last quarter. FMR LLC raised its stake in Packaging Corporation of America by 41.9% during the second quarter. FMR LLC now owns 1,381,644 shares of the industrial products company’s stock worth $153,902,000 after buying an additional 407,702 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Packaging Corporation of America by 34.7% during the second quarter. Principal Financial Group Inc. now owns 1,298,086 shares of the industrial products company’s stock worth $144,594,000 after buying an additional 334,701 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Thomas W.H. Walton sold 6,027 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total transaction of $700,036.05. Following the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at $3,796,943.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jason Wayne Moreau purchased 1,326,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average price of $0.06 per share, for a total transaction of $79,560.00. Over the last 90 days, insiders have sold 43,177 shares of company stock worth $2,129,972. 1.20% of the stock is owned by corporate insiders.

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A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $122.00 target price (up previously from $118.00) on shares of Packaging Corporation of America in a research note on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $128.00 price target on shares of Packaging Corporation of America in a research note on Friday, August 18th. BidaskClub raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC lifted their price target on shares of Packaging Corporation of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, October 30th. Finally, Vertical Research reaffirmed a “buy” rating and issued a $124.00 price target (up from $118.00) on shares of Packaging Corporation of America in a research note on Wednesday, August 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $117.36.

Shares of Packaging Corporation of America (PKG) traded up $0.27 during midday trading on Wednesday, hitting $112.04. 612,200 shares of the stock were exchanged, compared to its average volume of 897,905. The firm has a market capitalization of $10,570.00, a PE ratio of 19.61, a P/E/G ratio of 2.24 and a beta of 1.82. Packaging Corporation of America has a 52-week low of $84.01 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Packaging Corporation of America had a net margin of 8.18% and a return on equity of 29.38%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. research analysts forecast that Packaging Corporation of America will post 5.99 EPS for the current year.

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.

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

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