Gotham Asset Management LLC Boosts Stock Holdings in Packaging Corporation of America $PKG

Key Points

• Gotham Asset Management LLC has increased its stake in Packaging Corporation of America by 41.9%, holding 79,038 shares valued at approximately $15.65 million.
• Packaging Corporation of America reported $2.48 EPS for the last quarter, slightly above analysts' expectations, with a net margin of 10.47%.
• The company has announced a quarterly dividend of $1.25 to be paid on October 15th, resulting in an annualized yield of 2.3%.

Gotham Asset Management LLC increased its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 41.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,038 shares of the industrial products company's stock after purchasing an additional 23,343 shares during the period. Gotham Asset Management LLC owned 0.09% of Packaging Corporation of America worth $15,651,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC lifted its stake in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after acquiring an additional 70 shares during the period. TCTC Holdings LLC lifted its stake in shares of Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after acquiring an additional 70 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the 1st quarter worth $39,000. 1 North Wealth Services LLC acquired a new stake in shares of Packaging Corporation of America in the 1st quarter worth $40,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America in the 1st quarter worth $40,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Shares of NYSE PKG traded down $0.82 on Wednesday, hitting $213.25. The company's stock had a trading volume of 438,548 shares, compared to its average volume of 852,187. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth 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. The stock has a 50 day moving average of $204.14 and a 200-day moving average of $196.55.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The business 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 company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America's dividend payout ratio is presently 49.90%.

Wall Street Analyst Weigh In

PKG has been the subject of several recent analyst reports. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Citigroup raised their price objective 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. UBS Group raised their price objective on shares of 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. Wells Fargo & Company raised 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 research note on Thursday, July 10th. Finally, Truist Financial reduced their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Company 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.