Hsbc Holdings PLC Sells 6,748 Shares of Packaging Corporation of America $PKG

Key Points

• Hsbc Holdings PLC reduced its stake in Packaging Corporation of America by 1.9%, owning 356,341 shares worth approximately $70.41 million as of the latest SEC filing.
• Packaging Corporation of America reported $2.48 EPS for the quarter, exceeding analysts' expectations of $2.44, and had a revenue of $2.17 billion, which was just shy of the forecasted $2.18 billion.
• The company declared a quarterly dividend of $1.25 per share, translating to an annualized dividend of $5.00 with a yield of 2.5%, effective October 15th for shareholders recorded by September 15th.

Hsbc Holdings PLC reduced its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 1.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 356,341 shares of the industrial products company's stock after selling 6,748 shares during the quarter. Hsbc Holdings PLC owned 0.40% of Packaging Corporation of America worth $70,413,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Clearstead Trust LLC raised its position in 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 worth $26,000 after acquiring an additional 70 shares during the period. TCTC Holdings LLC increased its stake in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America in the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC lifted its stake in 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. Institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG traded up $2.2510 during mid-day trading on Friday, hitting $212.6010. The company had a trading volume of 1,435,450 shares, compared to its average volume of 707,615. 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 company has a market capitalization of $19.13 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.50 and a beta of 0.85. The stock's 50-day moving average price is $197.84 and its 200-day moving average price is $196.13.

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 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $2.17 billion during 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 firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKG. Truist Financial reduced their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. Wells Fargo & Company increased their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group boosted their price objective 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. Citigroup upped 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 report on Friday, July 25th. Finally, Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their target price for the stock 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 given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently 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.