Transamerica Financial Advisors Inc. Increases Stock Holdings in Packaging Co. of America (NYSE:PKG)

Transamerica Financial Advisors Inc. grew its holdings in shares of Packaging Co. of America (NYSE:PKG) by 48,200.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,898 shares of the industrial products company’s stock after purchasing an additional 2,892 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Packaging Co. of America were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC increased its holdings in Packaging Co. of America by 17.0% during the third quarter. Sanctuary Advisors LLC now owns 20,270 shares of the industrial products company’s stock valued at $4,366,000 after buying an additional 2,946 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Packaging Co. of America in the 4th quarter worth $293,000. AlphaQuest LLC lifted its position in Packaging Co. of America by 25.3% during the fourth quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company’s stock valued at $2,180,000 after purchasing an additional 1,954 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Packaging Co. of America during the fourth quarter valued at about $6,966,000. Finally, Sciencast Management LP purchased a new stake in Packaging Co. of America in the fourth quarter worth about $2,853,000. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PKG shares. Wells Fargo & Company reduced their target price on shares of 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. Citigroup upped their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Truist Financial reissued a “buy” rating and set a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Jefferies Financial Group raised Packaging Co. of America from a “hold” rating to a “buy” rating and upped their price objective for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. Finally, StockNews.com raised Packaging Co. of America from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Price Performance

PKG stock opened at $195.40 on Friday. The company has a fifty day simple moving average of $210.46 and a two-hundred day simple moving average of $222.16. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $17.55 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings data 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 return on equity of 19.67% and a net margin of 9.60%. Analysts anticipate that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.99%.

About Packaging Co. of America

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.