4 hours Ago By ABMN Staff
Packaging Co. of America ( NYSE:PKG – Free Report ) had its target price reduced by Wells Fargo & Company from $253.00 to $236.
00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock. Several other analysts have also recently commented on PKG.
Citigroup raised their target price on Packaging Co. of America from $232.00 to $235.
00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. StockNews.com downgraded Packaging Co.
of America from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised Packaging Co. of America from a “hold” rating to a “buy” rating and lifted their target price for the company from $215.
00 to $280.00 in a research note on Wednesday, December 18th. Finally, Truist Financial increased their price target on shares of Packaging Co.
of America from $252.00 to $282.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.
Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Packaging Co.
of America currently has a consensus rating of “Moderate Buy” and an average price target of $233.00. Get Our Latest Stock Analysis on Packaging Co.
of America Packaging Co. of America Price Performance Packaging Co. of America ( NYSE:PKG – Get Free Report ) last released its quarterly earnings results 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 predict that Packaging Co.
of America will post 11.31 EPS for the current year. Packaging Co.
of America Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a dividend of $1.25 per share.
This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.35%.
The ex-dividend date of this dividend was Friday, December 20th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.
99%. Insider Activity at Packaging Co. of America In other Packaging Co.
of America news, CFO Robert P. Mundy sold 12,500 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $240.
62, for a total value of $3,007,750.00. Following the completion of the sale, the chief financial officer now owns 43,954 shares of the company’s stock, valued at $10,576,211.
48. The trade was a 22.14 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, SVP Donald R. Shirley sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 12th.
The stock was sold at an average price of $240.20, for a total value of $1,921,600.00.
Following the sale, the senior vice president now owns 15,725 shares of the company’s stock, valued at approximately $3,777,145. This trade represents a 33.72 % decrease in their position.
The disclosure for this sale can be found here . In the last quarter, insiders sold 33,300 shares of company stock valued at $8,064,152. 1.
60% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Packaging Co. of America Institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Stifel Financial Corp raised its position in shares of Packaging Co. of America by 1,462.2% in the third quarter.
Stifel Financial Corp now owns 573,073 shares of the industrial products company’s stock valued at $123,440,000 after purchasing an additional 536,389 shares during the period. International Assets Investment Management LLC grew its stake in Packaging Co. of America by 41,151.
7% in the 3rd quarter. International Assets Investment Management LLC now owns 155,519 shares of the industrial products company’s stock valued at $33,499,000 after buying an additional 155,142 shares during the last quarter. Conning Inc.
bought a new position in Packaging Co. of America in the 4th quarter worth $32,329,000. Two Sigma Advisers LP lifted its position in Packaging Co.
of America by 218.1% during the 3rd quarter. Two Sigma Advisers LP now owns 207,700 shares of the industrial products company’s stock worth $44,739,000 after acquiring an additional 142,400 shares during the last quarter.
Finally, Mizuho Securities USA LLC boosted its holdings in Packaging Co. of America by 1,800.2% during the third quarter.
Mizuho Securities USA LLC now owns 130,583 shares of the industrial products company’s stock valued at $28,128,000 after acquiring an additional 123,711 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.
Packaging Co. of America Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Packaging Co.
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