National Pension Service grew its position in shares of Packaging Corp Of America (NYSE:PKG) by 17,026.6% in the 4th quarter, Holdings Channel reports. The fund owned 109,268 shares of the industrial products company’s stock after buying an additional 108,630 shares during the quarter. National Pension Service’s holdings in Packaging Corp Of America were worth $13,172,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PKG. Janus Henderson Group PLC raised its stake in shares of Packaging Corp Of America by 6,234.6% during the second quarter. Janus Henderson Group PLC now owns 597,731 shares of the industrial products company’s stock valued at $66,587,000 after acquiring an additional 588,295 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Packaging Corp Of America by 76.4% during the third quarter. APG Asset Management N.V. now owns 974,228 shares of the industrial products company’s stock valued at $111,724,000 after acquiring an additional 422,100 shares during the last quarter. FMR LLC raised its stake in shares of Packaging Corp Of America by 41.9% during the second quarter. FMR LLC now owns 1,381,644 shares of the industrial products company’s stock valued at $153,902,000 after acquiring an additional 407,702 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Packaging Corp Of America by 17.9% during the third quarter. First Eagle Investment Management LLC now owns 2,100,096 shares of the industrial products company’s stock valued at $240,839,000 after acquiring an additional 319,452 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Packaging Corp Of America by 144.2% during the third quarter. Legal & General Group Plc now owns 463,659 shares of the industrial products company’s stock valued at $53,172,000 after acquiring an additional 273,755 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on PKG. Barclays upped their price objective on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Packaging Corp Of America from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. KeyCorp reaffirmed a “hold” rating on shares of Packaging Corp Of America in a research note on Sunday, October 29th. Stephens began coverage on shares of Packaging Corp Of America in a research note on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price objective for the company. Finally, ValuEngine upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Packaging Corp Of America currently has an average rating of “Hold” and an average price target of $118.92.

Packaging Corp Of America (NYSE PKG) opened at $126.20 on Thursday. Packaging Corp Of America has a 52-week low of $88.47 and a 52-week high of $130.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45. The stock has a market cap of $11,870.00, a PE ratio of 23.37, a P/E/G ratio of 2.27 and a beta of 1.81.

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

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors 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 2.00%. The ex-dividend date of this dividend was Friday, December 22nd. Packaging Corp Of America’s dividend payout ratio is currently 46.67%.

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

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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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