Signaturefd LLC Acquires 136 Shares of Packaging Co. of America (NYSE:PKG)

Signaturefd LLC grew its holdings in Packaging Co. of America (NYSE:PKG) by 20.1% during the 4th quarter, Holdings Channel reports. The firm owned 811 shares of the industrial products company’s stock after purchasing an additional 136 shares during the period. Signaturefd LLC’s holdings in Packaging Co. of America were worth $183,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PKG. Caprock Group LLC boosted its stake in shares of Packaging Co. of America by 2.6% in the 3rd quarter. Caprock Group LLC now owns 2,465 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 63 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Packaging Co. of America in the 3rd quarter valued at approximately $916,000. PNC Financial Services Group Inc. raised its position in shares of Packaging Co. of America by 1.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 60,254 shares of the industrial products company’s stock valued at $12,979,000 after acquiring an additional 735 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Packaging Co. of America by 227.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 32,243 shares of the industrial products company’s stock valued at $6,945,000 after acquiring an additional 22,397 shares during the period. Finally, Citigroup Inc. raised its position in shares of Packaging Co. of America by 30.7% in the 3rd quarter. Citigroup Inc. now owns 115,005 shares of the industrial products company’s stock valued at $24,772,000 after acquiring an additional 27,018 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Stock Performance

Shares of PKG stock opened at $194.30 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The company has a market capitalization of $17.45 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company’s 50 day moving average price is $214.03 and its two-hundred day moving average price is $222.35.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a $1.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.57%. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PKG. Citigroup increased their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and increased their price target for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Wells Fargo & Company cut their price target on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Seaport Res Ptn upgraded shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $233.00.

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.