Arvest Investments Inc. Invests $646,000 in Packaging Corporation of America $PKG

Key Points

• Arvest Investments Inc. invested approximately $646,000 in Packaging Corporation of America by purchasing 3,428 shares during the second quarter.
• The company reported $2.48 EPS for the last quarter, exceeding analyst expectations and demonstrating a 4.7% revenue increase year-over-year.
• Packaging Corporation of America announced a dividend of $1.25 per share, which represents an annual yield of 2.3% and will be paid on October 15th.

Arvest Investments Inc. bought a new position in Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,428 shares of the industrial products company's stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its stake in shares of Packaging Corporation of America by 9.9% during the 4th quarter. Janus Henderson Group PLC now owns 10,010 shares of the industrial products company's stock worth $2,253,000 after acquiring an additional 904 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Packaging Corporation of America by 1,033.3% during the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock worth $45,000 after acquiring an additional 186 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Packaging Corporation of America by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,591 shares of the industrial products company's stock worth $2,159,000 after acquiring an additional 316 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of Packaging Corporation of America by 46.8% during the 4th quarter. Nomura Holdings Inc. now owns 2,943 shares of the industrial products company's stock worth $663,000 after acquiring an additional 938 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Packaging Corporation of America by 0.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,857 shares of the industrial products company's stock worth $2,466,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Trading Down 0.8%

PKG opened at $215.33 on Monday. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.88 and a beta of 0.87. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The stock has a fifty day moving average price of $204.93 and a 200-day moving average price of $196.53.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 4.7% compared to the same quarter last year. 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. As a group, 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's payout ratio is 49.90%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PKG. Citigroup raised 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. Wells Fargo & Company lifted their target price 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. Truist Financial decreased 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 report on Friday, July 25th. UBS Group lifted their target price 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. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Company 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.

Want to see what other hedge funds are holding PKG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Packaging Corporation of America (NYSE:PKG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.