Guidance Capital Inc. Has $1.09 Million Holdings in Packaging Co. of America (NYSE:PKG)

Guidance Capital Inc. lifted its position in Packaging Co. of America (NYSE:PKG) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,434 shares of the industrial products company’s stock after purchasing an additional 414 shares during the quarter. Guidance Capital Inc.’s holdings in Packaging Co. of America were worth $1,086,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Register Financial Advisors LLC acquired a new position in shares of Packaging Co. of America in the first quarter valued at $25,000. Neo Ivy Capital Management acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at $28,000. First Horizon Advisors Inc. raised its stake in shares of Packaging Co. of America by 60.5% in the fourth quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 69 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at $31,000. Finally, Headlands Technologies LLC acquired a new position in shares of Packaging Co. of America in the first quarter valued at $43,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Co. of America Price Performance

Shares of PKG stock traded up $2.89 during trading hours on Monday, hitting $209.54. 848,800 shares of the company’s stock were exchanged, compared to its average volume of 616,073. The stock’s 50-day moving average is $192.42 and its 200-day moving average is $185.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 1.71. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 5.41 and a beta of 0.77. Packaging Co. of America has a 52 week low of $143.82 and a 52 week high of $210.11.

Packaging Co. of America (NYSE:PKG) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Packaging Co. of America had a return on equity of 18.21% and a net margin of 9.06%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. As a group, research analysts forecast that Packaging Co. of America will post 8.72 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, September 16th. Packaging Co. of America’s payout ratio is presently 62.50%.

Insider Transactions at Packaging Co. of America

In related news, SVP Donald R. Shirley sold 6,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $196.28, for a total value of $1,177,680.00. Following the transaction, the senior vice president now owns 20,772 shares in the company, valued at $4,077,128.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Charles J. Carter sold 5,389 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $196.28, for a total value of $1,057,752.92. Following the transaction, the executive vice president now owns 25,539 shares in the company, valued at $5,012,794.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donald R. Shirley sold 6,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $196.28, for a total value of $1,177,680.00. Following the completion of the transaction, the senior vice president now owns 20,772 shares in the company, valued at approximately $4,077,128.16. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PKG. Truist Financial upped their target price on Packaging Co. of America from $215.00 to $219.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Citigroup increased their price objective on Packaging Co. of America from $181.00 to $187.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Wells Fargo & Company increased their price objective on Packaging Co. of America from $194.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, Bank of America increased their price objective on Packaging Co. of America from $197.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Packaging Co. of America has an average rating of “Hold” and a consensus price target of $190.50.

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.