1832 Asset Management L.P. Purchases Shares of 10,386 Packaging Corporation of America $PKG

Key Points

• 1832 Asset Management L.P. has acquired a new position in Packaging Corporation of America, purchasing 10,386 shares valued at approximately $2,057,000 in the first quarter.
• Analysts have set new price targets for PKG, with a consensus rating of "Moderate Buy" and an average target price of $215.40.
• Packaging Corporation of America will pay a quarterly dividend of $1.25 on October 15th, representing an annualized dividend of $5.00 and a yield of 2.4%.

1832 Asset Management L.P. bought a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,386 shares of the industrial products company's stock, valued at approximately $2,057,000.

A number of other institutional investors have also modified their holdings of the stock. Clearstead Trust LLC raised its stake in shares of Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. TCTC Holdings LLC increased its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management purchased a new position in Packaging Corporation of America during the 1st quarter worth $39,000. Banque Cantonale Vaudoise purchased a new position in Packaging Corporation of America during the 1st quarter worth $40,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

PKG has been the subject of several analyst reports. Truist Financial cut their price target on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. Wells Fargo & Company raised their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. UBS Group increased their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Citigroup boosted their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Trading Up 0.6%

Shares of PKG stock traded up $1.39 during mid-day trading on Friday, hitting $218.04. 937,970 shares of the company's stock were exchanged, compared to its average volume of 858,107. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.48 and a beta of 0.85. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a 50-day simple moving average of $199.90 and a two-hundred day simple moving average of $196.30.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.