Gulf International Bank UK Ltd decreased its position in shares of Packaging Corp Of America (NYSE:PKG) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,820 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Packaging Corp Of America were worth $3,474,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in Packaging Corp Of America during the 3rd quarter worth approximately $14,544,000. First Eagle Investment Management LLC raised its holdings in Packaging Corp Of America by 17.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,100,096 shares of the industrial products company’s stock worth $240,839,000 after purchasing an additional 319,452 shares during the last quarter. State Street Corp raised its holdings in Packaging Corp Of America by 1.0% during the 2nd quarter. State Street Corp now owns 3,336,381 shares of the industrial products company’s stock worth $371,683,000 after purchasing an additional 31,624 shares during the last quarter. Morse Asset Management Inc raised its holdings in Packaging Corp Of America by 20.3% during the 3rd quarter. Morse Asset Management Inc now owns 5,922 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 1,000 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Packaging Corp Of America by 23.8% during the 3rd quarter. American Century Companies Inc. now owns 665,822 shares of the industrial products company’s stock worth $76,356,000 after purchasing an additional 127,944 shares during the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.

In related news, SVP Charles J. Carter sold 6,150 shares of Packaging Corp Of America stock in a transaction on Friday, October 27th. The shares were sold at an average price of $117.04, for a total value of $719,796.00. Following the completion of the sale, the senior vice president now owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas W.H. Walton sold 6,027 shares of Packaging Corp Of America stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total transaction of $700,036.05. Following the completion of the sale, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at approximately $3,796,943.50. The disclosure for this sale can be found here. In the last three months, insiders sold 67,177 shares of company stock valued at $1,427,532. 1.20% of the stock is currently owned by insiders.

Shares of Packaging Corp Of America (NYSE PKG) opened at $126.76 on Thursday. The company has a market cap of $11,876.84, a P/E ratio of 23.47, a PEG ratio of 2.25 and a beta of 1.82. Packaging Corp Of America has a 52-week low of $85.36 and a 52-week high of $130.19. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 1.30.

Packaging Corp Of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. Packaging Corp Of America had a return on equity of 29.38% and a net margin of 8.18%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. research analysts expect that Packaging Corp Of America will post 5.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio (DPR) is 46.67%.

PKG has been the subject of several analyst reports. Zacks Investment Research lowered shares of Packaging Corp Of America from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. KeyCorp restated a “hold” rating on shares of Packaging Corp Of America in a report on Wednesday, October 18th. Deutsche Bank restated a “hold” rating and set a $120.00 price target (up previously from $94.00) on shares of Packaging Corp Of America in a report on Monday, October 9th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $130.00 price objective (up previously from $115.00) on shares of Packaging Corp Of America in a research report on Monday, January 8th. Finally, ValuEngine raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $118.92.

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About Packaging Corp Of America

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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