Packaging Co. of America (NYSE:PKG) is Inceptionr LLC’s 7th Largest Position

Inceptionr LLC boosted its holdings in Packaging Co. of America (NYSE:PKG) by 193.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,583 shares of the industrial products company’s stock after acquiring an additional 6,982 shares during the quarter. Packaging Co. of America accounts for approximately 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 7th biggest holding. Inceptionr LLC’s holdings in Packaging Co. of America were worth $2,383,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PKG. Fortitude Family Office LLC boosted its holdings in Packaging Co. of America by 150.8% in the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 98 shares during the period. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 115 shares during the period. Centricity Wealth Management LLC bought a new position in Packaging Co. of America in the 4th quarter valued at $44,000. Golden State Wealth Management LLC bought a new position in Packaging Co. of America in the 4th quarter valued at $48,000. Finally, Assetmark Inc. boosted its holdings in Packaging Co. of America by 44.6% in the 3rd quarter. Assetmark Inc. now owns 269 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 83 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PKG. Truist Financial reaffirmed a “buy” rating and set a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating for the company 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 lifted their price objective for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. 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. Finally, StockNews.com raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Price Performance

Shares of NYSE:PKG opened at $205.56 on Thursday. The stock has a market cap of $18.46 billion, a PE ratio of 23.02, a PEG ratio of 2.41 and a beta of 0.77. The company’s fifty day moving average is $221.30 and its 200 day moving average is $222.94. 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.

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

Packaging Co. of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, March 14th. Packaging Co. of America’s payout ratio is 55.99%.

About Packaging Co. of America

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.