Kera Capital Partners Inc. Makes New $282,000 Investment 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 stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,494 shares of the industrial products company's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PKG. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Packaging Corporation of America by 46.5% in 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 purchasing an additional 964,085 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Packaging Corporation of America by 25,461.0% in the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock valued at $123,047,000 after buying an additional 618,956 shares in the last quarter. Select Equity Group L.P. grew its holdings in Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock worth $136,486,000 after acquiring an additional 367,933 shares during the period. Finally, Nuveen LLC acquired a new position in Packaging Corporation of America during the first quarter worth $66,091,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of recent analyst reports. 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 report on Friday, July 25th. Wells Fargo & Company upped their price objective 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. Citigroup upped their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their target price for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, UBS Group boosted their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $215.33 on Friday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87. The business has a fifty day moving average of $204.93 and a 200-day moving average of $196.63. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share 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 period in the previous year, the firm posted $2.20 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. 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 business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's payout ratio is 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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