Poinciana Advisors Group LLC Purchases New Holdings in Packaging Co. of America (NYSE:PKG)

Poinciana Advisors Group LLC purchased a new stake in shares of Packaging Co. of America (NYSE:PKG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 910 shares of the industrial products company’s stock, valued at approximately $205,000.

A number of other large investors also recently bought and sold shares of the business. Intact Investment Management Inc. purchased a new position in Packaging Co. of America during the 4th quarter valued at about $68,000. LBP AM SA lifted its position in Packaging Co. of America by 16.2% during the 4th quarter. LBP AM SA now owns 36,584 shares of the industrial products company’s stock valued at $8,236,000 after acquiring an additional 5,104 shares during the period. Commonwealth Equity Services LLC lifted its position in Packaging Co. of America by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 62,437 shares of the industrial products company’s stock valued at $14,057,000 after acquiring an additional 4,497 shares during the period. PGGM Investments lifted its position in Packaging Co. of America by 8.9% during the 4th quarter. PGGM Investments now owns 10,663 shares of the industrial products company’s stock valued at $2,401,000 after acquiring an additional 871 shares during the period. Finally, Erste Asset Management GmbH raised its holdings in Packaging Co. of America by 19.8% in the fourth quarter. Erste Asset Management GmbH now owns 36,060 shares of the industrial products company’s stock worth $8,189,000 after buying an additional 5,960 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Co. of America Stock Performance

Shares of PKG stock opened at $196.68 on Friday. The company has a 50 day moving average price of $217.04 and a 200-day moving average price of $222.58. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The firm has a market capitalization of $17.66 billion, a PE ratio of 22.02, a P/E/G ratio of 2.41 and a beta of 0.77. 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 announced its quarterly 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%. As a group, equities research analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The firm 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 of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.54%. Packaging Co. of America’s dividend payout ratio (DPR) is 55.99%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PKG. Jefferies Financial Group raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. StockNews.com raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their target price 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. 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, Truist Financial reaffirmed a “buy” rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.