Gallacher Capital Management LLC Acquires New Stake in Packaging Corporation of America $PKG

Key Points

• Gallacher Capital Management LLC has acquired a new stake in Packaging Corporation of America, purchasing 3,199 shares valued at approximately $603,000 in the second quarter.
• Analysts have mixed opinions on the stock, with a consensus rating of "Moderate Buy" and a target price estimate of $215.40, following various price adjustments from major brokerages.
• Packaging Corporation of America has declared a quarterly dividend of $1.25 per share, representing a yield of 2.3% and an annualized dividend payout of $5.00.

Gallacher Capital Management LLC acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,199 shares of the industrial products company's stock, valued at approximately $603,000.

Other large investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new position in Packaging Corporation of America during the 1st quarter valued at $2,127,000. Sowell Financial Services LLC bought a new position in Packaging Corporation of America in the first quarter worth approximately $309,000. Wealth Enhancement Advisory Services LLC grew its stake in Packaging Corporation of America by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after purchasing an additional 1,531 shares in the last quarter. Brookstone Capital Management grew its stake in Packaging Corporation of America by 718.0% in the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock worth $1,997,000 after purchasing an additional 8,853 shares in the last quarter. Finally, First United Bank & Trust bought a new position in Packaging Corporation of America in the first quarter worth approximately $289,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PKG. 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 note on Tuesday, July 29th. Truist Financial dropped their price objective on 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. Citigroup increased their target price 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. Wells Fargo & Company increased their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $215.33 on Monday. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The stock has a fifty day moving average price of $204.93 and a 200-day moving average price of $196.53. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.38 billion, a PE ratio of 21.49, a P/E/G ratio of 1.88 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared 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. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

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.

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