Packaging Co. of America (NYSE:PKG) – Analysts at KeyCorp increased their Q2 2018 earnings estimates for shares of Packaging Co. of America in a research report issued on Wednesday, April 25th. KeyCorp analyst A. Josephson now expects that the industrial products company will earn $1.98 per share for the quarter, up from their previous estimate of $1.76. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Packaging Co. of America’s Q3 2018 earnings at $2.19 EPS.

A number of other research firms have also issued reports on PKG. ValuEngine raised Packaging Co. of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo raised Packaging Co. of America from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered Packaging Co. of America from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Bank of America raised their target price on Packaging Co. of America from $134.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Citigroup cut their target price on Packaging Co. of America from $136.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, April 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $128.92.

PKG stock opened at $116.30 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.38 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $11,124.79, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.82 and a beta of 1.82. Packaging Co. of America has a 1 year low of $98.10 and a 1 year high of $131.13.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Packaging Co. of America had a return on equity of 29.15% and a net margin of 10.48%. Packaging Co. of America’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 15th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 41.86%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Colonial Trust Advisors increased its position in Packaging Co. of America by 12.9% during the fourth quarter. Colonial Trust Advisors now owns 14,127 shares of the industrial products company’s stock worth $1,703,000 after buying an additional 1,611 shares during the period. Xact Kapitalforvaltning AB increased its position in Packaging Co. of America by 3.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 30,556 shares of the industrial products company’s stock worth $3,684,000 after buying an additional 1,037 shares during the period. Envestnet Asset Management Inc. increased its position in Packaging Co. of America by 20.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 66,621 shares of the industrial products company’s stock worth $8,029,000 after buying an additional 11,258 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Packaging Co. of America by 99.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 83,348 shares of the industrial products company’s stock worth $10,048,000 after buying an additional 41,608 shares during the period. Finally, Banco de Sabadell S.A acquired a new position in Packaging Co. of America during the fourth quarter worth approximately $2,356,000. 88.74% of the stock is currently owned by institutional investors and hedge funds.

About Packaging Co. of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products.

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