Packaging Corp Of America (NYSE:PKG) saw unusually large options trading on Wednesday. Stock traders purchased 730 put options on the stock. This represents an increase of approximately 739% compared to the typical daily volume of 87 put options.

PKG has been the topic of several recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a research report on Thursday, April 25th. ValuEngine upgraded Packaging Corp Of America from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Stephens cut Packaging Corp Of America from an “overweight” rating to an “equal weight” rating and set a $100.00 target price on the stock. in a research report on Friday, April 26th. Bank of America cut Packaging Corp Of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Finally, UBS Group initiated coverage on Packaging Corp Of America in a research report on Wednesday, May 15th. They set a “buy” rating and a $109.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $102.64.

PKG opened at $90.13 on Friday. The company has a market capitalization of $8.94 billion, a P/E ratio of 11.22, a PEG ratio of 2.32 and a beta of 1.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.93 and a current ratio of 3.05. Packaging Corp Of America has a 1-year low of $77.90 and a 1-year high of $124.70.

Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Packaging Corp Of America had a return on equity of 30.86% and a net margin of 11.12%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, equities research analysts forecast that Packaging Corp Of America will post 8.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, June 13th. Packaging Corp Of America’s dividend payout ratio is currently 39.35%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KCS Wealth Advisory lifted its stake in Packaging Corp Of America by 2.6% in the 1st quarter. KCS Wealth Advisory now owns 4,120 shares of the industrial products company’s stock valued at $409,000 after buying an additional 106 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Packaging Corp Of America by 1.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,993 shares of the industrial products company’s stock valued at $596,000 after buying an additional 108 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its stake in Packaging Corp Of America by 3.4% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 3,358 shares of the industrial products company’s stock valued at $280,000 after buying an additional 110 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Packaging Corp Of America by 0.8% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 14,360 shares of the industrial products company’s stock valued at $1,427,000 after buying an additional 119 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in Packaging Corp Of America by 0.7% in the 1st quarter. Utah Retirement Systems now owns 17,564 shares of the industrial products company’s stock valued at $1,746,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

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Packaging Corp Of America Company Profile

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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