Achmea Funding Administration B.V. grew its place in shares of Packaging Co. of America (NYSE:PKG – Free Report) by 55.5% in the course of the 2nd quarter, in accordance with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 14,230 shares of the commercial merchandise firm’s inventory after shopping for a further 5,077 shares in the course of the quarter. Achmea Funding Administration B.V.’s holdings in Packaging Co. of America had been price $1,881,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
A number of different hedge funds and different institutional traders have additionally not too long ago modified their holdings of the corporate. Vanguard Group Inc. lifted its holdings in shares of Packaging Co. of America by 1.4% in the course of the 1st quarter. Vanguard Group Inc. now owns 12,047,771 shares of the commercial merchandise firm’s inventory valued at $1,880,777,000 after shopping for a further 161,559 shares in the course of the interval. BlackRock Inc. lifted its holdings in shares of Packaging Co. of America by 1.7% in the course of the 1st quarter. BlackRock Inc. now owns 9,048,220 shares of the commercial merchandise firm’s inventory valued at $1,256,164,000 after shopping for a further 151,624 shares in the course of the interval. State Avenue Corp lifted its holdings in shares of Packaging Co. of America by 16.8% in the course of the 1st quarter. State Avenue Corp now owns 4,607,784 shares of the commercial merchandise firm’s inventory valued at $645,404,000 after shopping for a further 663,047 shares in the course of the interval. Financial institution of America Corp DE lifted its holdings in shares of Packaging Co. of America by 14.8% in the course of the 1st quarter. Financial institution of America Corp DE now owns 4,482,612 shares of the commercial merchandise firm’s inventory valued at $622,321,000 after shopping for a further 578,041 shares in the course of the interval. Lastly, American Century Corporations Inc. lifted its holdings in shares of Packaging Co. of America by 1.7% in the course of the 1st quarter. American Century Corporations Inc. now owns 3,567,075 shares of the commercial merchandise firm’s inventory valued at $495,202,000 after shopping for a further 61,273 shares in the course of the interval. 90.53% of the inventory is owned by institutional traders.
Packaging Co. of America Buying and selling Down 0.7 %
Shares of Packaging Co. of America inventory opened at $151.54 on Friday. The agency has a market cap of $13.63 billion, a price-to-earnings ratio of 16.02, a PEG ratio of three.74 and a beta of 0.89. The enterprise has a 50-day transferring common worth of $149.78 and a 200-day transferring common worth of $139.84. The corporate has a fast ratio of two.10, a present ratio of three.35 and a debt-to-equity ratio of 0.65. Packaging Co. of America has a twelve month low of $110.56 and a twelve month excessive of $158.66.
Packaging Co. of America (NYSE:PKG – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, July twenty fifth. The economic merchandise firm reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.38. The agency had income of $1.95 billion in the course of the quarter, in comparison with analyst estimates of $1.99 billion. Packaging Co. of America had a return on fairness of 23.30% and a web margin of 10.79%. The enterprise’s quarterly income was down 12.7% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $3.23 earnings per share. Equities analysis analysts anticipate that Packaging Co. of America will put up 8.16 EPS for the present fiscal 12 months.
Packaging Co. of America Declares Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which shall be paid on Friday, October thirteenth. Stockholders of document on Monday, September twenty fifth shall be given a dividend of $1.25 per share. The ex-dividend date is Friday, September twenty second. This represents a $5.00 dividend on an annualized foundation and a dividend yield of three.30%. Packaging Co. of America’s payout ratio is 52.85%.
Wall Avenue Analyst Weigh In
Various equities analysts not too long ago commented on PKG shares. Truist Monetary raised their goal worth on Packaging Co. of America from $156.00 to $170.00 and gave the inventory a “purchase” ranking in a report on Thursday, September twenty first. Financial institution of America decreased their goal worth on Packaging Co. of America from $145.00 to $138.00 in a report on Monday, July tenth. UBS Group decreased their goal worth on Packaging Co. of America from $137.00 to $132.00 in a report on Friday, June thirtieth. Jefferies Monetary Group raised Packaging Co. of America from an “underperform” ranking to a “maintain” ranking and raised their goal worth for the inventory from $105.00 to $142.00 in a report on Wednesday, September twenty seventh. Lastly, Citigroup elevated their worth goal on Packaging Co. of America from $128.00 to $148.00 in a analysis be aware on Thursday, July twenty seventh. One funding analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and one has assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a mean goal worth of $137.00.
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Insider Shopping for and Promoting
In associated information, SVP Donald R. Shirley offered 5,000 shares of Packaging Co. of America inventory in a transaction dated Friday, August 4th. The inventory was offered at a mean worth of $156.14, for a complete worth of $780,700.00. Following the completion of the transaction, the senior vice chairman now owns 22,967 shares within the firm, valued at $3,586,067.38. The transaction was disclosed in a doc filed with the SEC, which is on the market at this hyperlink. In different Packaging Co. of America information, VP Thomas A. Hassfurther offered 27,027 shares of the agency’s inventory in a transaction dated Wednesday, July twenty sixth. The shares had been offered at a mean worth of $148.80, for a complete worth of $4,021,617.60. Following the completion of the sale, the vice chairman now owns 198,121 shares of the corporate’s inventory, valued at $29,480,404.80. The sale was disclosed in a authorized submitting with the SEC, which may be accessed by way of the SEC web site. Additionally, SVP Donald R. Shirley offered 5,000 shares of the agency’s inventory in a transaction dated Friday, August 4th. The inventory was offered at a mean worth of $156.14, for a complete transaction of $780,700.00. Following the completion of the sale, the senior vice chairman now immediately owns 22,967 shares of the corporate’s inventory, valued at roughly $3,586,067.38. The disclosure for this sale may be discovered right here. Over the past quarter, insiders offered 59,783 shares of firm inventory price $9,023,216. Company insiders personal 1.60% of the corporate’s inventory.
About Packaging Co. of America
Packaging Company of America manufactures and sells containerboard and corrugated packaging merchandise in the USA. The corporate operates by way of Packaging and Paper segments. The Packaging phase provides numerous containerboard and corrugated packaging merchandise, comparable to typical delivery containers used to guard and transport manufactured items; multi-color bins and shows that assist to merchandise the packaged product in retail places; and honeycomb protecting packaging merchandise, in addition to packaging for meat, recent fruit and greens, processed meals, drinks, and different industrial and client merchandise.
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