GHP Investment Advisors Inc. Grows Stock Position in Packaging Corp Of America (NYSE:PKG)

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GHP Investment Advisors Inc. lifted its stake in shares of Packaging Corp Of America (NYSE:PKG) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,106 shares of the industrial products company’s stock after purchasing an additional 1,792 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Packaging Corp Of America were worth $3,396,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Procyon Private Wealth Partners LLC acquired a new position in Packaging Corp Of America during the fourth quarter worth $27,000. Bartlett & Co. LLC acquired a new position in Packaging Corp Of America during the first quarter worth $35,000. CWM Advisors LLC acquired a new position in Packaging Corp Of America during the first quarter worth $38,000. Cornerstone Advisors Inc. grew its holdings in Packaging Corp Of America by 75.2% during the first quarter. Cornerstone Advisors Inc. now owns 452 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 194 shares during the period. Finally, Ancora Advisors LLC acquired a new position in Packaging Corp Of America during the fourth quarter worth $45,000. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of NYSE:PKG traded up $0.23 on Tuesday, hitting $102.85. The company had a trading volume of 22,102 shares, compared to its average volume of 631,330. The company has a current ratio of 3.51, a quick ratio of 2.42 and a debt-to-equity ratio of 0.85. Packaging Corp Of America has a 52-week low of $71.05 and a 52-week high of $114.78. The business has a 50 day moving average of $92.86 and a 200 day moving average of $99.35. The company has a market cap of $9.62 billion, a PE ratio of 15.10, a PEG ratio of 3.85 and a beta of 1.28.

Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.28. Packaging Corp Of America had a return on equity of 22.37% and a net margin of 9.39%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business earned $1.98 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Packaging Corp Of America will post 5.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $0.79 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.16 annualized dividend and a dividend yield of 3.07%. Packaging Corp Of America’s dividend payout ratio is currently 41.31%.

PKG has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on Packaging Corp Of America from $89.00 to $79.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. They noted that the move was a valuation call. Argus raised Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Thursday, May 14th. Bank of America upped their target price on Packaging Corp Of America from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TheStreet lowered Packaging Corp Of America from a “b-” rating to a “c+” rating in a report on Thursday, April 2nd. Finally, Citigroup lowered their target price on Packaging Corp Of America from $108.00 to $98.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $102.85.

Packaging Corp Of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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