Czech National Bank Has $4.12 Million Stock Position in Packaging Corporation of America $PKG

Key Points

• Czech National Bank increased its stake in Packaging Corporation of America (NYSE:PKG) by 6.6%, now owning 21,838 shares valued at approximately $4.12 million.
• The company announced a quarterly dividend of $1.25 per share, equating to an annualized yield of 2.3%.
• In its latest earnings report, Packaging Corporation of America beat consensus EPS estimates, reporting $2.48 compared to an expected $2.44.

Czech National Bank lifted its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,838 shares of the industrial products company's stock after acquiring an additional 1,358 shares during the quarter. Czech National Bank's holdings in Packaging Corporation of America were worth $4,115,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PKG. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company's stock worth $648,061,000 after purchasing an additional 202,755 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after purchasing an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock worth $468,045,000 after buying an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Packaging Corporation of America by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company's stock valued at $377,347,000 after buying an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Packaging Corporation of America by 5.1% in the 1st 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 during the period. 89.78% of the stock is currently owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was 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 of the company's stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Stock Up 0.8%

Packaging Corporation of America stock traded up $1.72 during mid-day trading on Monday, hitting $213.00. 464,101 shares of the company's stock were exchanged, compared to its average volume of 733,928. The stock has a 50 day moving average of $205.90 and a two-hundred day moving average of $196.76. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The stock has a market cap of $19.17 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.84 and a beta of 0.87.

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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $2.20 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given 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 payout ratio is currently 49.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered 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 increased their price objective 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 price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Citigroup raised their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Truist Financial increased their price target on Packaging Corporation of America from $238.00 to $262.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of "Moderate Buy" and an average price target of $220.20.

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.