Kera Capital Partners Inc. Takes Position in Packaging Corporation of America $PKG

Key Points

• Kera Capital Partners Inc. has made a new investment in Packaging Corporation of America, acquiring 1,494 shares valued at approximately $282,000.
• Several institutional investors have increased their holdings in PKG, with significant boosts from firms like Price T Rowe Associates Inc. and JPMorgan Chase & Co..
• The company declared a quarterly dividend of $1.25, representing a 2.3% dividend yield, with a payout ratio of 49.90%.

Kera Capital Partners Inc. bought a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,494 shares of the industrial products company's stock, valued at approximately $282,000.

A number of other hedge funds have also recently modified their holdings of the stock. Manchester Capital Management LLC boosted its stake in shares of 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 worth $40,000 after buying an additional 57 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Packaging Corporation of America by 0.7% in the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after purchasing an additional 59 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Packaging Corporation of America by 4.8% in the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 59 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Packaging Corporation of America by 20.6% in the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

Packaging Corporation of America Stock Down 1.1%

PKG traded down $2.30 on Friday, hitting $211.67. 189,883 shares of the company were exchanged, compared to its average volume of 841,894. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. 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 50-day moving average price of $205.60 and a two-hundred day moving average price of $196.76.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the firm posted $2.20 EPS. Packaging Corporation of America's revenue for the quarter 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. On average, equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current 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 issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's payout ratio is presently 49.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted 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. UBS Group lifted their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup lifted their price objective on 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. Finally, Truist Financial lifted their price objective on Packaging Corporation of America from $238.00 to $262.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average price target of $220.20.

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.