Altrius Capital Management Inc Has $4.21 Million Stock Holdings in Packaging Co. of America (NYSE:PKG)

Altrius Capital Management Inc lessened its stake in Packaging Co. of America (NYSE:PKG) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,839 shares of the industrial products company’s stock after selling 261 shares during the period. Altrius Capital Management Inc’s holdings in Packaging Co. of America were worth $4,210,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of Packaging Co. of America by 408.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,333 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,071 shares during the last quarter. Oak Thistle LLC bought a new stake in Packaging Co. of America in the third quarter valued at approximately $322,000. Czech National Bank lifted its stake in Packaging Co. of America by 47.6% in the third quarter. Czech National Bank now owns 15,715 shares of the industrial products company’s stock valued at $2,413,000 after buying an additional 5,068 shares in the last quarter. Handelsbanken Fonder AB raised its position in Packaging Co. of America by 4.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 49,873 shares of the industrial products company’s stock valued at $7,658,000 after buying an additional 1,930 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Packaging Co. of America by 117.1% in the third quarter. Linden Thomas Advisory Services LLC now owns 9,673 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 5,218 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Activity

In other news, CFO Robert P. Mundy sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the completion of the transaction, the chief financial officer now owns 46,454 shares of the company’s stock, valued at approximately $8,478,319.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Thomas A. Hassfurther sold 14,191 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the sale, the vice president now owns 183,930 shares in the company, valued at approximately $31,967,034. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert P. Mundy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total value of $1,825,100.00. Following the sale, the chief financial officer now owns 46,454 shares in the company, valued at approximately $8,478,319.54. The disclosure for this sale can be found here. In the last three months, insiders sold 38,041 shares of company stock worth $6,799,177. 1.70% of the stock is currently owned by company insiders.

Packaging Co. of America Stock Performance

Shares of PKG traded up $4.20 during mid-day trading on Monday, hitting $177.05. 874,607 shares of the company’s stock were exchanged, compared to its average volume of 698,788. The company has a quick ratio of 1.77, a current ratio of 2.57 and a debt-to-equity ratio of 0.62. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 4.21 and a beta of 0.78. The stock’s 50-day simple moving average is $181.92 and its 200-day simple moving average is $168.41. Packaging Co. of America has a 52 week low of $122.20 and a 52 week high of $191.27.

Packaging Co. of America (NYSE:PKG) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.09. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.91 billion. Packaging Co. of America had a return on equity of 18.94% and a net margin of 9.25%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. On average, equities research analysts expect that Packaging Co. of America will post 8.2 EPS for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.82%. Packaging Co. of America’s payout ratio is 62.50%.

Analyst Ratings Changes

A number of analysts recently issued reports on PKG shares. StockNews.com downgraded Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. Citigroup decreased their target price on shares of Packaging Co. of America from $183.00 to $181.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company upgraded shares of Packaging Co. of America from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $187.00 to $191.00 in a research note on Wednesday, April 24th. Seaport Res Ptn cut shares of Packaging Co. of America from a “buy” rating to a “neutral” rating in a report on Monday, January 29th. Finally, BNP Paribas downgraded Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 price target on the stock. in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Packaging Co. of America currently has an average rating of “Hold” and an average price target of $173.57.

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.