Allianz Asset Management GmbH Trims Position in Packaging Corporation of America $PKG

Key Points

• Allianz Asset Management GmbH has reduced its stake in Packaging Corporation of America by 38.6%, resulting in ownership of 154,036 shares valued at approximately $29 million.
• The company reported earnings of $2.48 per share for the last quarter, exceeding analysts' estimates, and is guiding for Q3 2025 EPS of $2.800.
• Packaging Corporation of America recently announced a $1.25 quarterly dividend, translating to an annualized dividend of $5.00 with a yield of 2.5%.

Allianz Asset Management GmbH lessened its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 38.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,036 shares of the industrial products company's stock after selling 96,714 shares during the quarter. Allianz Asset Management GmbH owned about 0.17% of Packaging Corporation of America worth $29,028,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new position in Packaging Corporation of America during the 1st quarter valued at about $2,127,000. Sowell Financial Services LLC purchased a new position in Packaging Corporation of America during the 1st quarter valued at about $309,000. Wealth Enhancement Advisory Services LLC grew its holdings in Packaging Corporation of America by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after buying an additional 1,531 shares in the last quarter. Brookstone Capital Management grew its holdings in Packaging Corporation of America by 718.0% during the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after buying an additional 8,853 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Packaging Corporation of America by 11.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock valued at $49,544,000 after buying an additional 25,471 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $203.45 on Friday. The business has a 50 day moving average of $210.67 and a 200 day moving average of $198.65. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.19 and a beta of 0.91. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.Packaging Corporation of America's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America's payout ratio is presently 49.90%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. Truist Financial boosted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Citigroup boosted their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Finally, UBS Group cut their price objective on Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average target price of $229.33.

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.

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