GHP Investment Advisors Inc. Has $12.05 Million Stock Holdings in Packaging Co. of America (NYSE:PKG)

GHP Investment Advisors Inc. lifted its holdings in shares of Packaging Co. of America (NYSE:PKG) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,953 shares of the industrial products company’s stock after purchasing an additional 548 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.06% of Packaging Co. of America worth $12,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Coldstream Capital Management Inc. raised its holdings in Packaging Co. of America by 1.4% during the second quarter. Coldstream Capital Management Inc. now owns 3,859 shares of the industrial products company’s stock valued at $704,000 after buying an additional 54 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Packaging Co. of America by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 9,713 shares of the industrial products company’s stock valued at $1,773,000 after acquiring an additional 56 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Packaging Co. of America by 2.1% in the 2nd quarter. Moors & Cabot Inc. now owns 2,689 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 56 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Packaging Co. of America by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 2,461 shares of the industrial products company’s stock worth $452,000 after purchasing an additional 57 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Packaging Co. of America by 2.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,160 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Stock Performance

Shares of NYSE PKG traded down $1.65 during mid-day trading on Friday, hitting $225.86. The company had a trading volume of 452,016 shares, compared to its average volume of 598,833. Packaging Co. of America has a 12 month low of $148.50 and a 12 month high of $231.30. The firm has a market cap of $20.28 billion, a P/E ratio of 28.23, a PEG ratio of 4.24 and a beta of 0.77. The business’s 50-day simple moving average is $212.04 and its 200-day simple moving average is $194.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.43 and a quick ratio of 1.71.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.50 by $0.15. Packaging Co. of America had a return on equity of 19.35% and a net margin of 9.46%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts predict that Packaging Co. of America will post 8.77 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, October 15th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Monday, September 16th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PKG shares. StockNews.com upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial reiterated a “buy” rating and issued a $252.00 price objective (up from $242.00) on shares of Packaging Co. of America in a research note on Thursday. Wells Fargo & Company increased their target price on Packaging Co. of America from $235.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Citigroup lifted their price target on Packaging Co. of America from $199.00 to $221.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.60.

Packaging Co. of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.