Virtu Financial LLC Invests $779,000 in Packaging Co. of America (NYSE:PKG)

Virtu Financial LLC acquired a new stake in Packaging Co. of America (NYSE:PKG) in the fourth quarter, Holdings Channel reports. The firm acquired 3,459 shares of the industrial products company’s stock, valued at approximately $779,000.

Several other large investors have also bought and sold shares of the stock. Larson Financial Group LLC grew its position in shares of Packaging Co. of America by 234.7% in the 3rd quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company’s stock valued at $35,000 after buying an additional 115 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in Packaging Co. of America by 150.8% in the fourth quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Packaging Co. of America in the fourth quarter valued at approximately $44,000. Golden State Wealth Management LLC acquired a new stake in Packaging Co. of America during the 4th quarter valued at approximately $48,000. Finally, Rialto Wealth Management LLC bought a new position in Packaging Co. of America during the 4th quarter worth approximately $63,000. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Stock Performance

Shares of PKG opened at $200.54 on Tuesday. Packaging Co. of America has a one year low of $169.00 and a one year high of $250.82. The company has a market cap of $18.01 billion, a PE ratio of 22.46, a P/E/G ratio of 2.41 and a beta of 0.77. The stock has a 50-day moving average of $213.43 and a 200-day moving average of $222.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (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%. On average, equities research analysts predict that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.49%. Packaging Co. of America’s payout ratio is 55.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PKG shares. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial reissued a “buy” rating and issued a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Citigroup lifted their target price on 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, Wells Fargo & Company cut their price target on 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.00.

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.