FORA Capital LLC Has $2.39 Million Stake in Packaging Corporation of America $PKG

Key Points

• FORA Capital LLC reduced its holdings in Packaging Corporation of America by 19.2% in Q1, owning 12,063 shares worth $2.39 million after selling 2,873 shares.
• JPMorgan Chase increased its stake in the company by 46.5%, acquiring nearly 964,085 shares, while other institutional investors also raised their positions significantly during the same period.
• Packaging Corporation of America reported $2.48 EPS for its latest quarter, surpassing analysts' expectations, and announced a quarterly dividend of $1.25, reflecting a 2.4% dividend yield.

FORA Capital LLC lowered its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,063 shares of the industrial products company's stock after selling 2,873 shares during the period. FORA Capital LLC's holdings in Packaging Corporation of America were worth $2,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock valued at $468,045,000 after purchasing an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. GAMMA Investing LLC raised its holdings in Packaging Corporation of America by 25,461.0% during the 1st quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock valued at $123,047,000 after buying an additional 618,956 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Packaging Corporation of America by 106.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 848,395 shares of the industrial products company's stock valued at $190,999,000 after acquiring an additional 438,012 shares during the period. Finally, Nuveen LLC purchased a new stake in Packaging Corporation of America during the first quarter worth $66,091,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PKG shares. Wells Fargo & Company upped 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. 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 cut their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a report on Friday, July 25th. 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 research report on Tuesday, July 29th. Finally, Citigroup boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Trading Up 0.6%

Shares of NYSE PKG traded up $1.39 during mid-day trading on Friday, hitting $218.04. 937,970 shares of the company traded hands, compared to its average volume of 766,885. The business has a 50 day moving average of $200.53 and a two-hundred day moving average of $196.36. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.55 and a beta of 0.85. 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 issued its quarterly earnings results 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. Packaging Corporation of America's revenue for the quarter was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share 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. Stockholders 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 is Monday, September 15th. Packaging Corporation of America's payout ratio is 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.