Research Analysts’ Weekly Ratings Changes for Packaging Co. of America (PKG)

Packaging Co. of America (NYSE: PKG) recently received a number of ratings updates from brokerages and research firms:

• 4/25/2024 – Packaging Co. of America had its price target lowered by analysts at Citigroup Inc. from $183.00 to $181.00. They now have a “neutral” rating on the stock.
• 4/24/2024 – Packaging Co. of America was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $191.00 price target on the stock, up previously from $187.00.
• 4/19/2024 – Packaging Co. of America was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/12/2024 – Packaging Co. of America was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating. They now have a $182.00 price target on the stock.
• 4/11/2024 – Packaging Co. of America was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/4/2024 – Packaging Co. of America had its price target raised by analysts at Citigroup Inc. from $172.00 to $183.00. They now have a “neutral” rating on the stock.
• 3/4/2024 – Packaging Co. of America was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $202.00 price target on the stock, up previously from $172.00.

Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock opened at $174.18 on Thursday. The company has a current ratio of 2.57, a quick ratio of 1.77 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $15.63 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 4.31 and a beta of 0.78. The business’s 50-day moving average price is $182.17 and its 200-day moving average price is $168.74. Packaging Co. of America has a 12 month low of $122.20 and a 12 month high of $191.27.

Packaging Co. of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.63 by $0.09. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. Packaging Co. of America had a return on equity of 18.94% and a net margin of 9.25%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 EPS. Sell-side analysts forecast that Packaging Co. of America will post 8.21 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.87%. Packaging Co. of America’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Packaging Co. of America

In related news, VP Thomas A. Hassfurther sold 14,191 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the completion of the sale, the vice president now directly owns 183,930 shares in the company, valued at approximately $31,967,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Robert P. Mundy sold 10,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the completion of the sale, the chief financial officer now directly owns 46,454 shares in the company, valued at approximately $8,478,319.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas A. Hassfurther sold 14,191 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total value of $2,466,395.80. Following the sale, the vice president now owns 183,930 shares of the company’s stock, valued at $31,967,034. The disclosure for this sale can be found here. Insiders sold 38,041 shares of company stock worth $6,799,177 in the last ninety days. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Packaging Co. of America

Several institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC bought a new stake in shares of Packaging Co. of America in the 1st quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Packaging Co. of America in the 3rd quarter worth approximately $25,000. Neo Ivy Capital Management bought a new stake in shares of Packaging Co. of America in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. grew its position in shares of Packaging Co. of America by 60.5% in the 4th quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company’s stock worth $30,000 after buying an additional 69 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new stake in shares of Packaging Co. of America in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.