AlphaQuest LLC Sells 3,067 Shares of Packaging Corporation of America $PKG

Key Points

• AlphaQuest LLC has reduced its stake in Packaging Corporation of America by 31.7%, selling 3,067 shares, leaving it with 6,616 shares valued at approximately $1.31 million.
• Several institutional investors, including Charles Schwab and JPMorgan Chase, have increased their positions in the company, with holdings now comprising 89.78% of the total stock.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, resulting in an annualized dividend of $5.00 and a yield of 2.4%.

AlphaQuest LLC lowered its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 31.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,616 shares of the industrial products company's stock after selling 3,067 shares during the quarter. AlphaQuest LLC's holdings in Packaging Corporation of America were worth $1,310,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Packaging Corporation of America in the first quarter valued at $309,000. Wealth Enhancement Advisory Services LLC lifted its stake in Packaging Corporation of America by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after acquiring an additional 1,531 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of 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 worth $1,997,000 after buying an additional 8,853 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of Packaging Corporation of America during the 1st quarter worth about $289,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of 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 worth $49,544,000 after buying an additional 25,471 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analyst Weigh In

PKG has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Truist Financial decreased their price target 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. Citigroup raised their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Wells Fargo & Company upped their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. 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. Based on data from 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 0.4%

Shares of PKG stock traded down $0.84 on Tuesday, hitting $211.39. The stock had a trading volume of 1,234,300 shares, compared to its average volume of 751,805. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The business has a 50 day moving average of $198.80 and a 200 day moving average of $196.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the company posted $2.20 earnings per share. The firm'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. As a group, analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 2.4%. Packaging Corporation of America's payout ratio is 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.