Focus Partners Advisor Solutions LLC Buys Shares of 2,276 Packaging Corporation of America $PKG

Key Points

• Focus Partners Advisor Solutions LLC has acquired 2,276 shares of Packaging Corporation of America (NYSE:PKG), totaling approximately $451,000.
• Packaging Corporation of America reported earnings per share of $2.48 for the last quarter, surpassing analysts' expectations of $2.44.
• The company announced a quarterly dividend of $1.25 per share, which will be paid on October 15th, yielding an annualized rate of 2.3%.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,276 shares of the industrial products company's stock, valued at approximately $451,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC grew its position in shares of Packaging Corporation of America by 118.6% in the first 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 grew its position in shares of Packaging Corporation of America by 86.4% in the first 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 acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at about $39,000. Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at about $40,000. Finally, Manchester Capital Management LLC grew its position in shares of Packaging Corporation of America by 39.0% in the first 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 institutional investors and hedge funds.

Packaging Corporation of America Trading Up 1.6%

Shares of PKG opened at $220.20 on Friday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month 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. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.89 and a beta of 0.87. The stock's 50-day moving average price is $203.36 and its 200 day moving average price is $196.57.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business 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, research analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's payout ratio is presently 49.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PKG shares. 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 report on Friday, July 25th. Citigroup raised their price target on 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 downgraded 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 report on Monday, June 16th. Wells Fargo & Company lifted their target price 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. Finally, UBS Group boosted their price target on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding PKG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Packaging Corporation of America (NYSE:PKG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.