50,000 Shares in Packaging Corporation of America $PKG Purchased by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. has made a new investment of approximately $9.90 million in Packaging Corporation of America, acquiring 50,000 shares which represent 1.0% of its portfolio.
• Institutional ownership of Packaging Corporation of America is high, with hedge funds and other institutions holding approximately 89.78% of the company's stock.
• The company recently announced a quarterly dividend of $1.25 per share, providing a yield of 2.3%, with the payout ratio currently at 49.90%.

Kingdon Capital Management L.L.C. purchased a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the industrial products company's stock, valued at approximately $9,901,000. Packaging Corporation of America makes up about 1.0% of Kingdon Capital Management L.L.C.'s holdings, making the stock its 23rd biggest position. Kingdon Capital Management L.L.C. owned about 0.06% of Packaging Corporation of America at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PKG. Integrated Wealth Concepts LLC lifted its stake in Packaging Corporation of America by 17.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,704 shares of the industrial products company's stock valued at $384,000 after buying an additional 254 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Packaging Corporation of America in the fourth quarter worth $215,000. Rehmann Capital Advisory Group bought a new stake in shares of Packaging Corporation of America in the fourth quarter worth $200,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Packaging Corporation of America by 415.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 261,458 shares of the industrial products company's stock worth $58,862,000 after purchasing an additional 210,700 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Packaging Corporation of America by 3.9% in the fourth quarter. Wahed Invest LLC now owns 2,237 shares of the industrial products company's stock worth $504,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PKG shares. Citigroup boosted their price objective 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. UBS Group boosted their price objective on shares of 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. Truist Financial cut their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price objective for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Stock Performance

NYSE PKG traded up $1.88 on Thursday, hitting $214.81. 175,989 shares of the stock were exchanged, compared to its average volume of 851,406. 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 business's fifty day moving average is $202.16 and its 200 day moving average is $196.49. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The company has a market capitalization of $19.33 billion, a PE ratio of 21.44, a P/E/G ratio of 1.90 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The company's quarterly 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. Research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's payout ratio is currently 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.