Personal CFO Solutions LLC Invests $368,000 in Packaging Co. of America (NYSE:PKG)

Personal CFO Solutions LLC bought a new position in Packaging Co. of America (NYSE:PKG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,633 shares of the industrial products company’s stock, valued at approximately $368,000.

Several other institutional investors have also recently made changes to their positions in PKG. Farther Finance Advisors LLC grew its stake in shares of Packaging Co. of America by 25.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 591 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 120 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Packaging Co. of America in the 3rd quarter worth $515,000. Assetmark Inc. boosted its holdings in shares of Packaging Co. of America by 44.6% in the 3rd quarter. Assetmark Inc. now owns 269 shares of the industrial products company’s stock worth $58,000 after buying an additional 83 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Packaging Co. of America by 2.7% in the 3rd quarter. Atria Investments Inc now owns 12,145 shares of the industrial products company’s stock worth $2,616,000 after buying an additional 321 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of Packaging Co. of America in the 3rd quarter worth about $541,000. Institutional investors own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Truist Financial reissued a “buy” rating and issued a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Citigroup boosted their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Seaport Res Ptn raised shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Packaging Co. of America has an average rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Price Performance

NYSE PKG opened at $199.37 on Tuesday. The company has a market cap of $17.90 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $219.40 and its two-hundred day simple moving average is $223.08.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. Research analysts predict that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, March 14th. Packaging Co. of America’s dividend payout ratio is presently 55.99%.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.