First Foundation Advisors Has $287,000 Holdings in Packaging Co. of America (NYSE:PKG)

First Foundation Advisors lowered its position in Packaging Co. of America (NYSE:PKG) by 11.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,277 shares of the industrial products company’s stock after selling 171 shares during the period. First Foundation Advisors’ holdings in Packaging Co. of America were worth $287,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company’s stock worth $37,000 after buying an additional 98 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Packaging Co. of America in the fourth quarter worth $44,000. Golden State Wealth Management LLC bought a new stake in Packaging Co. of America in the fourth quarter valued at $48,000. Rialto Wealth Management LLC acquired a new position in shares of Packaging Co. of America during the fourth quarter valued at about $63,000. Finally, Intact Investment Management Inc. bought a new position in shares of Packaging Co. of America during the 4th quarter worth about $68,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Co. of America Stock Performance

Shares of PKG opened at $188.95 on Friday. The stock has a 50 day moving average of $200.77 and a 200 day moving average of $220.07. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 12 month low of $169.00 and a 12 month high of $250.82. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.41 and a beta of 0.84.

Packaging Co. of America (NYSE:PKG) last released 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%. As a group, sell-side analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America’s dividend payout ratio is currently 55.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PKG shares. Wells Fargo & Company dropped their price target on Packaging Co. of America from $236.00 to $209.00 and set an “overweight” rating on the stock in a research note on Tuesday. StockNews.com cut Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday, April 6th. Citigroup boosted 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 note on Monday, January 6th. Seaport Res Ptn raised shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.50.

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.