Packaging Co. of America (NYSE:PKG) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in shares of Packaging Co. of America (NYSE:PKG) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,570 shares of the industrial products company’s stock after selling 47,418 shares during the quarter. Sei Investments Co. owned about 0.14% of Packaging Co. of America worth $28,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC increased its position in Packaging Co. of America by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 8,451 shares of the industrial products company’s stock worth $1,903,000 after buying an additional 2,669 shares during the period. Virtu Financial LLC bought a new position in shares of Packaging Co. of America during the fourth quarter worth about $779,000. Quantbot Technologies LP acquired a new stake in shares of Packaging Co. of America in the 4th quarter worth about $5,084,000. Adams Natural Resources Fund Inc. lifted its position in Packaging Co. of America by 25.4% in the 4th quarter. Adams Natural Resources Fund Inc. now owns 7,400 shares of the industrial products company’s stock valued at $1,666,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in Packaging Co. of America during the 4th quarter valued at about $2,853,000. Institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock opened at $198.62 on Wednesday. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The stock has a market cap of $17.84 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company’s 50-day moving average price is $212.76 and its two-hundred day moving average price is $222.43.

Packaging Co. of America (NYSE:PKG) last released its earnings results 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%. As a group, sell-side analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.99%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PKG. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and raised their price target for the company from $215.00 to $280.00 in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Seaport Res Ptn raised Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Citigroup raised their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Packaging Co. of America has an average rating of “Moderate Buy” and an average target price of $233.00.

Packaging Co. of America 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.