Packaging Co. of America (NYSE:PKG - Get Free Report) Director Paul T. Stecko sold 10,500 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $244.91, for a total value of $2,571,555.00. Following the sale, the director now owns 8,881 shares in the company, valued at approximately $2,175,045.71. This trade represents a 54.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of PKG traded up $0.40 during mid-day trading on Friday, hitting $245.70. The company's stock had a trading volume of 21,647 shares, compared to its average volume of 599,686. The firm has a 50-day simple moving average of $224.10 and a 200 day simple moving average of $201.79. The firm has a market capitalization of $22.07 billion, a P/E ratio of 28.59, a P/E/G ratio of 3.35 and a beta of 0.76. Packaging Co. of America has a 1-year low of $153.58 and a 1-year high of $248.62. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.15. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.09 billion. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. Packaging Co. of America's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. Analysts predict that Packaging Co. of America will post 9.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, October 15th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, September 16th. Packaging Co. of America's payout ratio is 58.28%.

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Packaging Co. of America from $235.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. StockNews.com downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Wednesday. Citigroup raised their price target on Packaging Co. of America from $199.00 to $221.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Truist Financial reaffirmed a "buy" rating and set a $252.00 price objective (up from $242.00) on shares of Packaging Co. of America in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Packaging Co. of America presently has an average rating of "Hold" and a consensus target price of $221.60.

Read Our Latest Stock Analysis on PKG

Several hedge funds have recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators increased its position in Packaging Co. of America by 15.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 371 shares of the industrial products company's stock worth $80,000 after buying an additional 49 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Packaging Co. of America by 1.4% in the second quarter. Coldstream Capital Management Inc. now owns 3,859 shares of the industrial products company's stock valued at $704,000 after purchasing an additional 54 shares during the period. Huntington National Bank grew its position in shares of Packaging Co. of America by 0.5% in the third quarter. Huntington National Bank now owns 10,075 shares of the industrial products company's stock valued at $2,170,000 after purchasing an additional 55 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Packaging Co. of America by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 9,713 shares of the industrial products company's stock valued at $1,773,000 after purchasing an additional 56 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Packaging Co. of America by 2.1% in the second quarter. Moors & Cabot Inc. now owns 2,689 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

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.

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