Baird Financial Group Inc. Sells 1,546 Shares of Packaging Corporation of America $PKG

Key Points

• Baird Financial Group Inc. reduced its holdings in Packaging Corporation of America by 7.3%, selling 1,546 shares, and now owns a total of 19,672 shares valued at approximately $3.9 million.
• Several hedge funds significantly increased their stakes in PKG, with GAMMA Investing LLC raising its holdings by 25,461.0%, now owning 621,387 shares valued at approximately $123 million.
• Recent analyst reports show a mix of ratings for Packaging Corporation of America, with a consensus price target of $215.40 and one analyst giving a "Strong Buy" rating.

Baird Financial Group Inc. lowered its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,672 shares of the industrial products company's stock after selling 1,546 shares during the quarter. Baird Financial Group Inc.'s holdings in Packaging Corporation of America were worth $3,895,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in Packaging Corporation of America during the 4th quarter valued at $315,000. Cetera Investment Advisers increased its holdings in shares of Packaging Corporation of America by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 20,443 shares of the industrial products company's stock valued at $4,602,000 after purchasing an additional 152 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Packaging Corporation of America by 95.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 74,472 shares of the industrial products company's stock valued at $16,766,000 after purchasing an additional 36,436 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Packaging Corporation of America by 16.1% in the fourth quarter. Deutsche Bank AG now owns 449,025 shares of the industrial products company's stock valued at $101,089,000 after purchasing an additional 62,271 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Packaging Corporation of America in the fourth quarter valued at $3,363,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Shares of PKG traded down $4.02 during trading hours on Monday, hitting $216.23. 1,008,467 shares of the company were exchanged, compared to its average volume of 798,304. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.92 and a beta of 0.87. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The firm's fifty day moving average is $203.91 and its 200 day moving average is $196.43.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $2.17 billion for 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%.Packaging Corporation of America's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities 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 business 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is 49.90%.

Analyst Ratings Changes

PKG has been the topic of several research reports. Citigroup upped their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group upped their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the company from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial dropped their target price on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Wells Fargo & Company lifted their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One research 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. According to MarketBeat, Packaging Corporation of America presently has a consensus 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.