Adage Capital Partners GP L.L.C. Has $53.74 Million Position in Packaging Corporation of America $PKG

Key Points

• Adage Capital Partners GP L.L.C. significantly increased its stake in Packaging Corporation of America by 139.5% during Q1, now owning approximately 271,400 shares valued at $53.74 million.
• Various analysts have recently adjusted their ratings and price targets for the stock, with UBS raising its target to $220.00 while Jefferies downgraded it to $205.00.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, resulting in an annualized dividend of $5.00 with a 2.3% yield.

Adage Capital Partners GP L.L.C. grew its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 139.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,400 shares of the industrial products company's stock after acquiring an additional 158,100 shares during the period. Adage Capital Partners GP L.L.C. owned 0.30% of Packaging Corporation of America worth $53,743,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PKG. Clearstead Trust LLC grew its position in Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. TCTC Holdings LLC grew its position in Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after acquiring an additional 70 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the first quarter worth $39,000. Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America in the first quarter worth $40,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Performance

NYSE:PKG traded up $3.48 during trading hours on Friday, hitting $220.20. 873,545 shares of the company traded hands, compared to its average volume of 776,675. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.92 and a beta of 0.87. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The firm has a 50-day moving average of $203.36 and a 200 day moving average of $196.46. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

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. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

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

Analysts Set New Price Targets

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

Packaging Corporation of America Profile

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.