BI Asset Management Fondsmaeglerselskab A S Sells 2,616 Shares of Packaging Corporation of America $PKG

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 48.0% in Q1, now owning 2,836 shares valued at $562,000.
• Institutional investors collectively own 89.78% of Packaging Corporation of America's stock, with several firms such as JPMorgan and GAMMA Investing significantly increasing their stakes.
• Packaging Corporation of America reported $2.48 EPS for the quarter, exceeding estimates, and announced a quarterly dividend of $1.25, set to be paid on October 15th.

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,836 shares of the industrial products company's stock after selling 2,616 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Packaging Corporation of America were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in Packaging Corporation of America by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company's stock valued at $648,061,000 after acquiring an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Packaging Corporation of America by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company's stock valued at $247,240,000 after buying an additional 60,710 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Packaging Corporation of America by 13.7% during the fourth quarter. Northern Trust Corp now owns 1,110,422 shares of the industrial products company's stock valued at $249,989,000 after buying an additional 133,427 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Packaging Corporation of America by 20.8% during the first quarter. American Century Companies Inc. now owns 1,090,307 shares of the industrial products company's stock valued at $215,903,000 after buying an additional 187,800 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PKG. UBS Group lifted 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. Citigroup boosted their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Truist Financial lowered 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. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Trading Down 0.4%

Shares of NYSE:PKG traded down $0.84 during midday trading on Tuesday, hitting $211.39. The company had a trading volume of 1,234,300 shares, compared to its average volume of 751,805. 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 stock has a market cap of $19.02 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.49 and a beta of 0.85. The firm has a fifty day simple moving average of $198.80 and a 200 day simple moving average of $196.14.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm 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%.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 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America's payout ratio is currently 49.90%.

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.