2 weeks Ago By ABMN Staff
Federated Hermes Inc. lessened its holdings in Packaging Co. of America ( NYSE:PKG – Free Report ) by 58.
8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430 shares of the industrial products company’s stock after selling 614 shares during the period. Federated Hermes Inc.
’s holdings in Packaging Co. of America were worth $97,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors also recently bought and sold shares of PKG.
Vanguard Group Inc. lifted its stake in Packaging Co. of America by 1.
2% during the fourth quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company’s stock worth $2,571,821,000 after purchasing an additional 133,575 shares in the last quarter.
Charles Schwab Investment Management Inc. boosted its stake in shares of Packaging Co. of America by 4.
5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company’s stock valued at $691,138,000 after buying an additional 132,836 shares during the period.
Geode Capital Management LLC grew its position in shares of Packaging Co. of America by 1.3% during the fourth quarter.
Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company’s stock worth $531,540,000 after buying an additional 29,427 shares in the last quarter. Boston Partners increased its stake in shares of Packaging Co. of America by 7.
0% during the fourth quarter. Boston Partners now owns 1,565,351 shares of the industrial products company’s stock worth $352,305,000 after buying an additional 101,755 shares during the period. Finally, Norges Bank acquired a new stake in Packaging Co.
of America in the fourth quarter valued at approximately $258,928,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
Packaging Co. of America Stock Up 0.2 % Packaging Co.
of America stock opened at $187.07 on Friday. The company has a market capitalization of $16.
82 billion, a P/E ratio of 20.95, a PEG ratio of 2.41 and a beta of 0.
84. 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 fifty-two week low of $169.00 and a fifty-two week high of $250.82.
The stock has a 50-day simple moving average of $198.57 and a 200-day simple moving average of $219.09.
Packaging Co. of America Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a $1.
25 dividend. This represents a $5.00 annualized dividend and a yield of 2.
67%. The ex-dividend date was Friday, March 14th. Packaging Co.
of America’s dividend payout ratio (DPR) is presently 55.99%. Analyst Ratings Changes A number of equities research analysts have commented on PKG shares.
StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Sunday, April 6th.
Citigroup increased their target price on Packaging Co. of America from $232.00 to $235.
00 and gave the company a “neutral” rating in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on Packaging Co. of America from $236.
00 to $209.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Seaport Res Ptn upgraded Packaging Co.
of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and set a $265.00 target price (down previously from $282.
00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat, Packaging Co. of America has an average rating of “Moderate Buy” and a consensus price target of $237.80.
Read Our Latest Report on PKG Packaging Co. of America Company Profile ( 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. See Also Receive News & Ratings for Packaging Co.
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