Unigestion Holding SA Sells 10,771 Shares of Packaging Co. of America (NYSE:PKG)

Unigestion Holding SA reduced its position in Packaging Co. of America (NYSE:PKG) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,853 shares of the industrial products company’s stock after selling 10,771 shares during the quarter. Unigestion Holding SA owned approximately 0.07% of Packaging Co. of America worth $13,694,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PKG. Sanctuary Advisors LLC lifted its holdings in Packaging Co. of America by 17.0% in 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 period. Jackson Creek Investment Advisors LLC bought a new position in shares of Packaging Co. of America in the 4th quarter worth about $293,000. AlphaQuest LLC lifted its stake in shares of Packaging Co. of America by 25.3% in the 4th 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 during the period. Strategic Financial Concepts LLC bought a new stake in shares of Packaging Co. of America during the 4th quarter valued at about $6,966,000. Finally, Sciencast Management LP acquired a new stake in Packaging Co. of America during the fourth quarter worth approximately $2,853,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Co. of America Stock Performance

Shares of PKG stock opened at $183.04 on Friday. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $205.91 and a two-hundred day simple moving average of $221.60. Packaging Co. of America has a 12 month low of $169.00 and a 12 month high of $250.82. The firm has a market capitalization of $16.46 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) 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%. Analysts forecast that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.99%.

Analyst Upgrades and Downgrades

PKG has been the topic of several recent analyst reports. Truist Financial reissued a “buy” rating and issued a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. Citigroup boosted their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company dropped their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Seaport Res Ptn raised shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Company 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.