Jump Financial LLC Has $16.85 Million Stake in Packaging Corporation of America $PKG

Key Points

• Jump Financial LLC increased its holdings in Packaging Corporation of America by 201.6%, owning 85,068 shares worth approximately $16.85 million as of its latest SEC filing.
• Institutional investors now own 89.78% of Packaging Corporation of America's stock, with several funds significantly increasing their stakes in the first quarter.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, with a total annualized dividend of $5.00, representing a 2.4% dividend yield.

Jump Financial LLC raised its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 201.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 85,068 shares of the industrial products company's stock after buying an additional 56,863 shares during the period. Jump Financial LLC owned about 0.09% of Packaging Corporation of America worth $16,845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PKG. Price T Rowe Associates Inc. MD boosted its position in Packaging Corporation of America by 108.4% in 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 buying an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after acquiring an additional 964,085 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 618,956 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of 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 last quarter. Finally, Nuveen LLC bought a new stake in shares of Packaging Corporation of America during the 1st quarter valued at $66,091,000. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG traded down $0.84 during midday trading on Tuesday, hitting $211.39. 1,234,300 shares of the company's stock were exchanged, compared to its average volume of 751,805. The company's 50 day moving average price is $198.80 and its 200 day moving average price is $196.14. 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 $19.02 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, 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 company 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 $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America's dividend payout ratio is presently 49.90%.

Analyst Ratings Changes

Several analysts have commented on PKG shares. Truist Financial dropped their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company 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 stock an "equal weight" rating in a report on Thursday, July 10th. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. UBS Group increased their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, Citigroup upped their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One equities research 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 company. According to MarketBeat.com, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and a consensus price target 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.