Advisors Asset Management Inc. Has $877,000 Position in Packaging Corporation of America $PKG

Key Points

• Advisors Asset Management Inc. has reduced its stake in Packaging Corporation of America (NYSE: PKG) by 40.2% during the first quarter, owning 4,430 shares valued at $877,000.
• Several institutional investors have significantly changed their positions in PKG recently, with 89.78% of the stock owned by such entities while notable increases include Clearstead Trust LLC with a 118.6% stake increase.
• Packaging Corporation of America recently announced a quarterly dividend of $1.25 per share, equating to an annualized dividend yield of 2.3% with a payout ratio of 49.90%.

Advisors Asset Management Inc. lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 40.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,430 shares of the industrial products company's stock after selling 2,980 shares during the period. Advisors Asset Management Inc.'s holdings in Packaging Corporation of America were worth $877,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. 1 North Wealth Services LLC bought a new stake in shares of Packaging Corporation of America during the first quarter worth $40,000. Adage Capital Partners GP L.L.C. boosted its holdings in Packaging Corporation of America by 139.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 271,400 shares of the industrial products company's stock valued at $53,743,000 after acquiring an additional 158,100 shares during the last quarter. Appian Way Asset Management LP bought a new position in Packaging Corporation of America during the first quarter worth about $10,075,000. Focus Partners Advisor Solutions LLC bought a new position in Packaging Corporation of America during the first quarter worth about $451,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Packaging Corporation of America by 79.6% during the first quarter. Cubist Systematic Strategies LLC now owns 171,599 shares of the industrial products company's stock worth $33,980,000 after buying an additional 76,028 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group raised their target price on 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 reduced their target price on 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. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Citigroup raised their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Down 0.8%

Shares of NYSE PKG traded down $1.70 during mid-day trading on Friday, reaching $215.33. 471,233 shares of the company's stock were exchanged, compared to its average volume of 853,098. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.89 and a beta of 0.87. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $204.93 and a 200 day simple moving average of $196.74. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm earned $2.20 EPS. Packaging Corporation of America's revenue for the quarter 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. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. 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 payout ratio is 49.90%.

Packaging Corporation of America Company 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.