Caxton Associates LLP Invests $630,000 in Packaging Corporation of America $PKG

Key Points

• Caxton Associates LLP acquired 3,181 shares of Packaging Corporation of America, valued at approximately $630,000, in its first-quarter SEC filing.
• Major institutional investors, including JPMorgan Chase & Co. and Price T Rowe Associates Inc., have significantly increased their stakes in the company, reflecting growing interest in the stock.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, with a yearly dividend yield of 2.3%, indicating strong financial health and shareholder returns.

Caxton Associates LLP purchased a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,181 shares of the industrial products company's stock, valued at approximately $630,000.

Several other large investors have also recently added to or reduced their stakes in PKG. Jacobs Levy Equity Management Inc. purchased a new position in Packaging Corporation of America in the first quarter valued at about $2,127,000. Sowell Financial Services LLC acquired a new stake in Packaging Corporation of America during the first quarter worth approximately $309,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Packaging Corporation of America by 718.0% in the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after purchasing an additional 8,853 shares during the last quarter. Finally, First United Bank & Trust purchased a new position in shares of Packaging Corporation of America in the 1st quarter valued at $289,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Down 0.6%

PKG traded down $1.23 on Tuesday, reaching $210.58. 175,609 shares of the company traded hands, compared to its average volume of 846,081. The stock's 50 day moving average price is $205.14 and its 200-day moving average price is $196.52. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.88 and a beta of 0.87. 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 (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Packaging Corporation of America will post 10.44 EPS 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. Shareholders of record on Monday, September 15th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's payout ratio is currently 49.90%.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PKG. Wells Fargo & Company raised 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 research note on Thursday, July 10th. Citigroup raised their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial dropped their price target on shares of 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, UBS Group lifted their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.40.

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.