BNP Paribas Financial Markets Has $43.42 Million Stake in Packaging Corporation of America $PKG

Key Points

• BNP Paribas Financial Markets reduced its stake in Packaging Corporation of America by 16.1%, holding 219,291 shares valued at approximately $43.42 million at the end of the last quarter.
• Several institutional investors significantly increased their investments in Packaging Corporation of America during the first quarter, contributing to a total institutional ownership of 89.78%.
• Analysts maintain a consensus target price of $215.40 for Packaging Corporation of America, with a mixed range of ratings that includes a "Strong Buy" and "Hold" ratings from various financial institutions.

BNP Paribas Financial Markets cut its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,291 shares of the industrial products company's stock after selling 41,978 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.24% of Packaging Corporation of America worth $43,424,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in Packaging Corporation of America by 17.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,704 shares of the industrial products company's stock worth $384,000 after buying an additional 254 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Packaging Corporation of America in the 4th quarter worth approximately $215,000. Rehmann Capital Advisory Group bought a new position in Packaging Corporation of America in the 4th quarter worth approximately $200,000. AXA S.A. grew its holdings in Packaging Corporation of America by 5.1% in the 4th quarter. AXA S.A. now owns 172,154 shares of the industrial products company's stock worth $38,757,000 after buying an additional 8,279 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Packaging Corporation of America in the 4th quarter worth approximately $6,706,000. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Up 1.8%

Shares of PKG traded up $3.76 during mid-day trading on Thursday, reaching $216.69. The company's stock had a trading volume of 725,387 shares, compared to its average volume of 854,899. The business has a fifty day moving average of $202.16 and a 200 day moving average of $196.49. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year 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.

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, beating analysts' consensus estimates of $2.44 by $0.04. The company 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 quarter in the prior year, the company earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PKG shares. UBS Group increased their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Wells Fargo & Company increased their price objective 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. Citigroup increased their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Truist Financial decreased their price target 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. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.