J.W. Cole Advisors Inc. Purchases 333 Shares of Packaging Co. of America (NYSE:PKG)

J.W. Cole Advisors Inc. boosted its position in shares of Packaging Co. of America (NYSE:PKG) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,084 shares of the industrial products company’s stock after purchasing an additional 333 shares during the period. J.W. Cole Advisors Inc.’s holdings in Packaging Co. of America were worth $469,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PKG. Exchange Traded Concepts LLC bought a new position in Packaging Co. of America during the 3rd quarter worth about $78,000. Creative Planning increased its holdings in Packaging Co. of America by 3.3% during the 3rd quarter. Creative Planning now owns 16,842 shares of the industrial products company’s stock worth $3,628,000 after purchasing an additional 534 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Packaging Co. of America by 23.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,906 shares of the industrial products company’s stock worth $17,427,000 after purchasing an additional 15,536 shares in the last quarter. Eastern Bank bought a new position in Packaging Co. of America during the 3rd quarter worth about $108,000. Finally, Axecap Investments LLC bought a new position in shares of Packaging Co. of America in the 3rd quarter valued at about $4,098,000. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Jefferies Financial Group upgraded Packaging Co. of America from a “hold” rating to a “buy” rating and raised their price objective for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Finally, Truist Financial restated a “buy” rating and issued a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Stock Up 0.0 %

NYSE PKG opened at $212.24 on Thursday. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 1-year low of $167.60 and a 1-year high of $250.82. The company has a 50 day moving average of $225.28 and a 200-day moving average of $221.79. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.44 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, equities research analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. Packaging Co. of America’s dividend payout ratio (DPR) is 55.99%.

Insider Activity at Packaging Co. of America

In related news, SVP Joseph Vaughn sold 2,300 shares of Packaging Co. of America stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total value of $563,247.00. Following the transaction, the senior vice president now directly owns 9,197 shares of the company’s stock, valued at $2,252,253.33. This trade represents a 20.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Packaging Co. of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.