957 Shares in Packaging Co. of America (NYSE:PKG) Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC bought a new stake in Packaging Co. of America (NYSE:PKG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 957 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKG. Catalina Capital Group LLC lifted its position in shares of Packaging Co. of America by 13.8% during the 4th quarter. Catalina Capital Group LLC now owns 1,336 shares of the industrial products company’s stock worth $301,000 after buying an additional 162 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Packaging Co. of America by 0.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 19,142 shares of the industrial products company’s stock worth $4,309,000 after acquiring an additional 132 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Packaging Co. of America by 25.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,471 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 295 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Packaging Co. of America by 4.0% during the 4th quarter. Greenleaf Trust now owns 2,503 shares of the industrial products company’s stock valued at $564,000 after purchasing an additional 97 shares during the last quarter. Finally, Sylvest Advisors LLC acquired a new position in Packaging Co. of America during the 4th quarter worth approximately $511,000. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert P. Mundy sold 12,500 shares of Packaging Co. of America stock in a transaction on Friday, November 8th. The shares were sold at an average price of $240.62, for a total value of $3,007,750.00. Following the completion of the sale, the chief financial officer now owns 43,954 shares in the company, valued at $10,576,211.48. The trade was a 22.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donald R. Shirley sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the transaction, the senior vice president now owns 15,725 shares in the company, valued at $3,777,145. The trade was a 33.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,300 shares of company stock worth $8,064,152. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on PKG. Wells Fargo & Company decreased their target price on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $265.00 target price (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. StockNews.com lowered shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Citigroup boosted 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. Finally, Jefferies Financial Group raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating and raised their price target for the company from $215.00 to $280.00 in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Packaging Co. of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.00.

Packaging Co. of America Stock Down 0.3 %

Packaging Co. of America stock opened at $210.63 on Wednesday. The firm has a 50 day moving average price of $232.54 and a two-hundred day moving average price of $220.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a 52-week low of $159.57 and a 52-week high of $250.82. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.29 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last released its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts predict that Packaging Co. of America will post 11.15 EPS for the current year.

Packaging Co. of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, December 20th. This represents a $5.00 annualized dividend and a yield of 2.37%. Packaging Co. of America’s dividend payout ratio is currently 55.99%.

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.