Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,334 shares of the industrial products company’s stock after buying an additional 1,955 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Packaging Corp Of America were worth $1,947,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. First Hawaiian Bank grew its holdings in Packaging Corp Of America by 5.2% during the fourth quarter. First Hawaiian Bank now owns 2,438 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 120 shares during the period. BKD Wealth Advisors LLC grew its holdings in Packaging Corp Of America by 8.3% during the fourth quarter. BKD Wealth Advisors LLC now owns 2,778 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 213 shares during the period. Truewealth LLC acquired a new position in Packaging Corp Of America during the fourth quarter valued at approximately $33,000. FDx Advisors Inc. grew its holdings in Packaging Corp Of America by 6.3% during the third quarter. FDx Advisors Inc. now owns 9,300 shares of the industrial products company’s stock valued at $1,020,000 after purchasing an additional 552 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in Packaging Corp Of America by 11.3% during the fourth quarter. IFM Investors Pty Ltd now owns 5,680 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 575 shares during the period. Institutional investors own 86.76% of the company’s stock.

Shares of PKG opened at $93.94 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.74 and a current ratio of 2.76. Packaging Corp Of America has a twelve month low of $77.90 and a twelve month high of $124.70. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.34 and a beta of 1.85.

Packaging Corp Of America (NYSE:PKG) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $2.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.02. Packaging Corp Of America had a net margin of 10.52% and a return on equity of 31.72%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Analysts anticipate that Packaging Corp Of America will post 8.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 17th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, December 14th. Packaging Corp Of America’s payout ratio is currently 39.35%.

A number of brokerages recently issued reports on PKG. BMO Capital Markets cut shares of Packaging Corp Of America from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $130.00 to $108.00 in a report on Tuesday, October 9th. ValuEngine cut shares of Packaging Corp Of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Zacks Investment Research cut shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Deutsche Bank set a $120.00 price objective on shares of Packaging Corp Of America and gave the company a “hold” rating in a report on Monday, October 29th. Finally, Wells Fargo & Co decreased their price objective on shares of Packaging Corp Of America from $140.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $101.00.

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Packaging Corp Of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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