Cambridge Investment Research Advisors Inc. cut its position in Packaging Corp Of America (NYSE:PKG) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 6,494 shares of the industrial products company’s stock after selling 243 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Packaging Corp Of America were worth $645,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. boosted its stake in shares of Packaging Corp Of America by 73.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 299 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Packaging Corp Of America in the fourth quarter worth approximately $41,000. Aspire Private Capital LLC acquired a new stake in shares of Packaging Corp Of America in the fourth quarter worth approximately $41,000. Horan Capital Advisors LLC. acquired a new stake in shares of Packaging Corp Of America in the first quarter worth approximately $41,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Packaging Corp Of America in the fourth quarter worth approximately $47,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

PKG stock opened at $95.45 on Wednesday. The company has a current ratio of 3.05, a quick ratio of 1.93 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $9.04 billion, a P/E ratio of 11.89, a PEG ratio of 2.34 and a beta of 1.75. Packaging Corp Of America has a 12-month low of $77.90 and a 12-month high of $124.70.

Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. On average, research analysts expect that Packaging Corp Of America will post 8.19 EPS for the current year.

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.16 annualized dividend and a dividend yield of 3.31%. Packaging Corp Of America’s dividend payout ratio is presently 39.35%.

A number of equities analysts have weighed in on PKG shares. Bank of America reissued a “buy” rating and set a $112.00 price objective (up previously from $105.00) on shares of Packaging Corp Of America in a research note on Friday, April 5th. UBS Group started coverage on Packaging Corp Of America in a research note on Wednesday, May 15th. They set a “buy” rating and a $109.00 price objective on the stock. Stephens lowered Packaging Corp Of America from an “overweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock. in a research note on Friday, April 26th. ValuEngine raised Packaging Corp Of America from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $102.64.

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

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