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

Key Points

• Ameriprise Financial Inc. increased its stake in Packaging Corporation of America by 2.6%, now holding approximately 1,905,475 shares valued at about $377 million.
• The company recently reported earnings per share (EPS) of $2.48, exceeding analyst estimates by $0.04, and had a revenue of $2.17 billion for the quarter.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, representing an annualized dividend of $5.00 with a yield of 2.4%.

Ameriprise Financial Inc. raised its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,905,475 shares of the industrial products company's stock after acquiring an additional 47,558 shares during the period. Ameriprise Financial Inc. owned approximately 2.12% of Packaging Corporation of America worth $377,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Clearstead Trust LLC raised its holdings in Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after buying an additional 70 shares during the period. TCTC Holdings LLC raised its holdings in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management purchased a new stake in Packaging Corporation of America during the 1st quarter valued at $39,000. Banque Cantonale Vaudoise purchased a new stake in Packaging Corporation of America during the 1st quarter valued at $40,000. Finally, Manchester Capital Management LLC raised its holdings in Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after buying an additional 57 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

PKG opened at $210.3940 on Friday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. 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's fifty day simple moving average is $197.35 and its 200-day simple moving average is $196.22. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.33 and a beta of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The business's 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. On average, equities research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America's dividend payout ratio is presently 49.90%.

Analysts Set New Price Targets

PKG has been the topic of several recent research reports. Truist Financial decreased their price target 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. Citigroup upped their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. UBS Group upped their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price objective for the company from $245.00 to $205.00 in a research report on Monday, June 16th. One equities research 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 target price 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.

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