Savant Capital LLC Increases Stock Holdings in Packaging Co. of America (NYSE:PKG)

Savant Capital LLC raised its position in Packaging Co. of America (NYSE:PKG) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,098 shares of the industrial products company’s stock after acquiring an additional 81 shares during the quarter. Savant Capital LLC’s holdings in Packaging Co. of America were worth $505,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in Packaging Co. of America by 0.5% in the third quarter. Commonwealth Equity Services LLC now owns 62,986 shares of the industrial products company’s stock valued at $9,672,000 after purchasing an additional 311 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Packaging Co. of America by 152.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,953 shares of the industrial products company’s stock worth $5,981,000 after buying an additional 23,519 shares during the last quarter. Raymond James & Associates boosted its stake in Packaging Co. of America by 16.4% during the 3rd quarter. Raymond James & Associates now owns 159,277 shares of the industrial products company’s stock valued at $24,457,000 after acquiring an additional 22,493 shares during the last quarter. Telemus Capital LLC bought a new position in Packaging Co. of America during the 3rd quarter worth approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Packaging Co. of America by 29.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,160 shares of the industrial products company’s stock worth $4,478,000 after acquiring an additional 6,675 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BNP Paribas lowered Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 price target on the stock. in a research report on Friday, April 12th. Citigroup dropped their price objective on shares of Packaging Co. of America from $183.00 to $181.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. StockNews.com downgraded Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Seaport Res Ptn cut Packaging Co. of America from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Wells Fargo & Company raised shares of Packaging Co. of America from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $187.00 to $191.00 in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Packaging Co. of America presently has an average rating of “Hold” and a consensus price target of $173.57.

Packaging Co. of America Stock Performance

Packaging Co. of America stock opened at $176.27 on Monday. 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 company has a market cap of $15.82 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. Packaging Co. of America has a fifty-two week low of $122.20 and a fifty-two week high of $191.27. The firm’s 50 day simple moving average is $182.28 and its 200-day simple moving average is $169.21.

Packaging Co. of America (NYSE:PKG) last announced its 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. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.20 EPS. The company’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts predict that Packaging Co. of America will post 8.21 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.00 dividend on an annualized basis and a yield of 2.84%. Packaging Co. of America’s payout ratio is presently 62.50%.

Insider Buying and Selling at Packaging Co. of America

In other Packaging Co. of America news, CFO Robert P. Mundy sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the transaction, the chief financial officer now directly owns 46,454 shares in the company, valued at $8,478,319.54. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Robert P. Mundy sold 10,000 shares of Packaging Co. of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total value of $1,825,100.00. Following the transaction, the chief financial officer now owns 46,454 shares of the company’s stock, valued at $8,478,319.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas A. Hassfurther sold 13,850 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 187,647 shares of the company’s stock, valued at $33,975,365.82. The disclosure for this sale can be found here. Insiders have sold a total of 38,041 shares of company stock valued at $6,799,177 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Packaging Co. of America 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.