Packaging Corporation of America (NYSE:PKG) Stake Maintained by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt maintained its position in shares of Packaging Corporation of America (NYSE:PKG) during the second quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the industrial products company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Packaging Corporation of America were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PKG. Liberty Capital Management Inc. increased its position in shares of Packaging Corporation of America by 4.6% in the first quarter. Liberty Capital Management Inc. now owns 21,820 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 965 shares during the period. 1st Global Advisors Inc. acquired a new position in shares of Packaging Corporation of America during the first quarter worth approximately $1,130,000. Capital Innovations LLC increased its position in shares of Packaging Corporation of America by 1.8% in the first quarter. Capital Innovations LLC now owns 3,479 shares of the industrial products company’s stock worth $319,000 after buying an additional 60 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Packaging Corporation of America during the first quarter worth approximately $1,401,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Packaging Corporation of America during the first quarter worth approximately $289,000. 88.41% of the stock is owned by institutional investors.

Packaging Corporation of America (NYSE:PKG) opened at 110.92 on Monday. The company’s 50 day moving average is $104.68 and its 200 day moving average is $95.10. Packaging Corporation of America has a 52-week low of $68.95 and a 52-week high of $113.52. The firm has a market cap of $10.36 billion, a P/E ratio of 22.63 and a beta of 1.88.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Packaging Corporation of America had a net margin of 7.81% and a return on equity of 27.29%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Equities research analysts forecast that Packaging Corporation of America will post $5.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, June 13th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 51.43%.

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A number of equities analysts recently commented on PKG shares. Jefferies Group LLC reissued a “buy” rating and issued a $107.00 price objective on shares of Packaging Corporation of America in a research note on Wednesday, April 12th. KeyCorp initiated coverage on Packaging Corporation of America in a research report on Thursday. They set a “sector weight” rating on the stock. Citigroup Inc. upped their price target on Packaging Corporation of America from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, April 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $104.00 price target on shares of Packaging Corporation of America in a research report on Friday, June 2nd. Finally, ValuEngine raised Packaging Corporation of America from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $96.33.

Packaging Corporation of America Company Profile

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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Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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