Caisse DE Depot ET Placement DU Quebec Cuts Stake in Packaging Corporation of America $PKG

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Packaging Corporation of America by 79.2%, now holding approximately 0.06% of the company valued at $10.74 million after selling over 207,000 shares.
• Research analysts have mixed ratings for Packaging Corporation of America, with target prices ranging from $180.00 to $238.00, and a consensus rating of Moderate Buy.
• The company announced a quarterly dividend of $1.25 per share, equating to an annualized yield of 2.4%, with a payout ratio of approximately 49.90%.

Caisse DE Depot ET Placement DU Quebec reduced its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,255 shares of the industrial products company's stock after selling 207,203 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Packaging Corporation of America worth $10,744,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clearstead Trust LLC increased its position in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. TCTC Holdings LLC increased its position in shares of Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Packaging Corporation of America in the 1st quarter valued at approximately $39,000. Banque Cantonale Vaudoise purchased a new stake in shares of Packaging Corporation of America in the 1st quarter valued at approximately $40,000. Finally, Manchester Capital Management LLC increased its position in shares of Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PKG shares. Citigroup increased 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 research report on Friday, July 25th. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their target price for the company from $245.00 to $205.00 in a report on Monday, June 16th. Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group upped their target price 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. Finally, Truist Financial lowered their target price on shares of 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. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Stock Down 0.3%

Shares of NYSE:PKG opened at $210.95 on Thursday. The stock has a market cap of $18.98 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.49 and a beta of 0.85. The firm has a fifty day moving average price of $199.29 and a 200 day moving average price of $196.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share 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 analysts' expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. Packaging Corporation of America's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

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