GAMMA Investing LLC Invests $134,000 in Packaging Co. of America (NYSE:PKG)

GAMMA Investing LLC acquired a new position in shares of Packaging Co. of America (NYSE:PKG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 809 shares of the industrial products company’s stock, valued at approximately $134,000.

Several other institutional investors have also modified their holdings of PKG. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Packaging Co. of America during the 3rd quarter worth $25,000. Anchor Investment Management LLC purchased a new stake in shares of Packaging Co. of America during the 4th quarter worth $37,000. Fortis Group Advisors LLC purchased a new stake in shares of Packaging Co. of America during the 3rd quarter worth $46,000. BKM Wealth Management LLC purchased a new stake in Packaging Co. of America in the fourth quarter valued at $49,000. Finally, Orion Capital Management LLC purchased a new stake in Packaging Co. of America in the third quarter valued at $53,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Thomas A. Hassfurther sold 14,191 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the completion of the transaction, the vice president now owns 183,930 shares of the company’s stock, valued at $31,967,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Thomas A. Hassfurther sold 14,191 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the completion of the transaction, the vice president now owns 183,930 shares of the company’s stock, valued at $31,967,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas A. Hassfurther sold 13,850 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $181.06, for a total transaction of $2,507,681.00. Following the transaction, the vice president now directly owns 187,647 shares of the company’s stock, valued at approximately $33,975,365.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,041 shares of company stock valued at $6,799,177. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Packaging Co. of America from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $187.00 to $191.00 in a research report on Wednesday. Citigroup reduced their price target on shares of Packaging Co. of America from $183.00 to $181.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America raised shares of Packaging Co. of America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $172.00 to $202.00 in a research report on Monday, March 4th. BNP Paribas cut shares of Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 price target for the company. in a research report on Friday, April 12th. Finally, Truist Financial lifted their price objective on shares of Packaging Co. of America from $170.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Packaging Co. of America currently has an average rating of “Hold” and an average target price of $173.57.

Packaging Co. of America Stock Up 0.9 %

Shares of NYSE PKG opened at $172.85 on Friday. Packaging Co. of America has a 12-month low of $122.20 and a 12-month high of $191.27. The company has a market capitalization of $15.51 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 4.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.57 and a quick ratio of 1.77. The firm’s 50-day moving average is $181.92 and its two-hundred day moving average is $168.31.

Packaging Co. of America (NYSE:PKG) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.09. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.91 billion. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Equities analysts anticipate that Packaging Co. of America will post 8.2 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.89%. The ex-dividend date was Thursday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is 62.50%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.