Appian Way Asset Management LP Takes Position in Packaging Corporation of America $PKG

Key Points

• Appian Way Asset Management LP has acquired 50,880 shares of Packaging Corporation of America (PKG), valued at approximately $10 million, representing 2.3% of their investment portfolio.
• Recent institutional investments in PKG include significant stakes acquired by Price T Rowe Associates and GAMMA Investing, with 89.78% of the stock now held by institutional investors and hedge funds.
• Analysts have mixed ratings with an average price target of $215.40 for PKG, reflecting changes ranging from price target increases by Wells Fargo and UBS to downgrades by Jefferies Financial Group.

Appian Way Asset Management LP acquired a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 50,880 shares of the industrial products company's stock, valued at approximately $10,075,000. Packaging Corporation of America accounts for 2.3% of Appian Way Asset Management LP's investment portfolio, making the stock its 12th biggest holding. Appian Way Asset Management LP owned about 0.06% of Packaging Corporation of America as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKG. Price T Rowe Associates Inc. MD lifted its stake in shares of Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock valued at $468,045,000 after purchasing an additional 1,229,219 shares during the period. JPMorgan Chase & Co. raised its stake in Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after buying an additional 964,085 shares during the period. GAMMA Investing LLC raised its stake in Packaging Corporation of America by 25,461.0% during the 1st quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock worth $123,047,000 after buying an additional 618,956 shares during the period. Nuveen LLC acquired a new position in Packaging Corporation of America during the 1st quarter worth approximately $66,091,000. Finally, Select Equity Group L.P. acquired a new position in Packaging Corporation of America during the 4th quarter worth approximately $72,339,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PKG shares. Wells Fargo & Company upped their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group upped their price target on 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 dropped their price target on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Citigroup upped their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $218.04 on Tuesday. 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 stock has a 50 day moving average price of $201.11 and a two-hundred day moving average price of $196.23. The firm has a market capitalization of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.90 and a beta of 0.87. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period 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. Equities analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued 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 2.3%. Packaging Corporation of America's dividend payout ratio 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.

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