Packaging Corporation of America (NYSE:PKG) SVP Charles J. Carter sold 6,150 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $117.04, for a total transaction of $719,796.00. Following the transaction, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Packaging Corporation of America (NYSE:PKG) traded down 1.16% on Monday, reaching $115.57. 708,149 shares of the company’s stock were exchanged. The company has a market capitalization of $10.82 billion, a P/E ratio of 22.27 and a beta of 1.83. The firm has a 50-day moving average price of $116.71 and a 200-day moving average price of $108.48. Packaging Corporation of America has a 1-year low of $78.03 and a 1-year high of $120.75.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Packaging Corporation of America had a return on equity of 29.38% and a net margin of 8.18%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Equities research analysts expect that Packaging Corporation of America will post $6.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 15th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.52 dividend on an annualized basis and a yield of 2.18%. Packaging Corporation of America’s payout ratio is currently 46.67%.

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PKG has been the subject of several recent research reports. Stephens initiated coverage on shares of Packaging Corporation of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 target price for the company. BidaskClub cut shares of Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. KeyCorp initiated coverage on shares of Packaging Corporation of America in a report on Thursday, July 6th. They set a “sector weight” rating for the company. Zacks Investment Research raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Thursday, October 12th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $120.00 target price (up previously from $94.00) on shares of Packaging Corporation of America in a report on Monday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $117.36.

Several institutional investors and hedge funds have recently made changes to their positions in PKG. Teachers Advisors LLC increased its holdings in shares of Packaging Corporation of America by 2.2% in the 1st quarter. Teachers Advisors LLC now owns 234,871 shares of the industrial products company’s stock valued at $21,519,000 after purchasing an additional 5,141 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Packaging Corporation of America in the 1st quarter valued at about $207,000. Driehaus Capital Management LLC increased its holdings in shares of Packaging Corporation of America by 21.8% in the 1st quarter. Driehaus Capital Management LLC now owns 4,114 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 736 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Packaging Corporation of America by 1.8% in the 2nd quarter. Capstone Asset Management Co. now owns 11,388 shares of the industrial products company’s stock valued at $1,269,000 after purchasing an additional 200 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Packaging Corporation of America in the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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