Amundi Sells 172,272 Shares of Packaging Corporation of America $PKG

Amundi cut its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 57.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,655 shares of the industrial products company's stock after selling 172,272 shares during the period. Amundi owned about 0.14% of Packaging Corporation of America worth $24,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC lifted its stake in Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. TCTC Holdings LLC lifted its stake in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Packaging Corporation of America during the first quarter worth $39,000. 1 North Wealth Services LLC bought a new stake in Packaging Corporation of America during the first quarter worth $40,000. Finally, Banque Cantonale Vaudoise bought a new stake in Packaging Corporation of America during the first quarter worth $40,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their target price for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial cut their target price on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Wells Fargo & Company increased their price target on 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. Citigroup increased their price target on 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. Finally, UBS Group increased their price target on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Price Performance

Shares of PKG traded down $1.70 during trading hours on Friday, reaching $215.33. The stock had a trading volume of 471,233 shares, compared to its average volume of 853,098. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The stock has a market capitalization of $19.37 billion, a PE ratio of 21.49, a PEG ratio of 1.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The company's 50-day moving average is $204.93 and its two-hundred day moving average is $196.74.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations 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 revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 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.