Ameriprise Financial Inc. Raises Holdings in Packaging Corporation of America $PKG

Key Points

• Ameriprise raised its stake in Packaging Corporation of America by 2.9% to 1,954,605 shares (about a 2.17% ownership worth $426.0M); other institutions including AQR, Schonfeld and SummitTX also increased positions, leaving institutional ownership at roughly 89.78%.
• Packaging Corp. reported Q4 EPS of $2.32 (missing estimates by $0.09) and revenue of $2.36B (also below estimates), with revenue up 10.1% year-over-year and Q1 guidance set at about $2.20 EPS; analysts expect roughly $10.44 EPS for the full year.
• The company declared a quarterly dividend of $1.25 (annualized $5.00), payable April 15 to holders of record March 13, implying a yield of about 2.3% and a payout ratio near 58.3%.

Ameriprise Financial Inc. increased its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 2.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,954,605 shares of the industrial products company's stock after buying an additional 55,784 shares during the period. Ameriprise Financial Inc. owned about 2.17% of Packaging Corporation of America worth $426,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PKG. Schonfeld Strategic Advisors LLC raised its position in shares of Packaging Corporation of America by 624.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 185,514 shares of the industrial products company's stock worth $40,429,000 after acquiring an additional 159,898 shares in the last quarter. Creative Planning grew its stake in Packaging Corporation of America by 69.3% in the third quarter. Creative Planning now owns 24,649 shares of the industrial products company's stock valued at $5,372,000 after purchasing an additional 10,088 shares during the last quarter. SummitTX Capital L.P. raised its holdings in Packaging Corporation of America by 1,146.1% in the third quarter. SummitTX Capital L.P. now owns 27,789 shares of the industrial products company's stock worth $6,056,000 after purchasing an additional 25,559 shares in the last quarter. AQR Capital Management LLC raised its holdings in Packaging Corporation of America by 28.7% in the third quarter. AQR Capital Management LLC now owns 1,143,015 shares of the industrial products company's stock worth $247,600,000 after purchasing an additional 254,653 shares in the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of Packaging Corporation of America during the third quarter valued at about $10,456,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Up 0.5%

PKG stock opened at $215.10 on Monday. The stock has a market capitalization of $19.19 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $249.51. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $226.57 and a 200 day moving average of $213.63.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. Packaging Corporation of America's dividend payout ratio is presently 58.34%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PKG. Weiss Ratings downgraded shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Zacks Research raised shares of Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Wells Fargo & Company upped their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. Wall Street Zen upgraded Packaging Corporation of America from a "sell" rating to a "hold" rating in a report on Saturday, January 3rd. Finally, Truist Financial lowered their price objective on Packaging Corporation of America from $273.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average target price of $236.00.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.

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