Korea Investment CORP Has $17.20 Million Stock Position in Packaging Corporation of America $PKG

Key Points

• Korea Investment Corp increased its stake in Packaging Corporation of America by 22.4%, totaling 86,882 shares valued at approximately $17.2 million.
• The company reported $2.48 earnings per share for the last quarter, surpassing analysts' expectations of $2.44, with revenue up 4.7% year-over-year.
• A quarterly dividend of $1.25 per share has been announced, reflecting a 2.5% dividend yield, with a payout ratio of nearly 50%.

Korea Investment CORP boosted its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 22.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,882 shares of the industrial products company's stock after buying an additional 15,878 shares during the period. Korea Investment CORP owned 0.10% of Packaging Corporation of America worth $17,204,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PKG. JPMorgan Chase & Co. increased its holdings in shares of Packaging Corporation of America by 46.5% during the first 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 period. GAMMA Investing LLC increased its holdings in shares of Packaging Corporation of America by 25,461.0% during the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock valued at $123,047,000 after purchasing an additional 618,956 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Packaging Corporation of America by 106.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 848,395 shares of the industrial products company's stock valued at $190,999,000 after purchasing an additional 438,012 shares during the period. Nuveen LLC acquired a new position in shares of Packaging Corporation of America during the first quarter valued at $66,091,000. Finally, Select Equity Group L.P. acquired a new position in shares of Packaging Corporation of America during the fourth quarter valued at $72,339,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 1.1%

Shares of NYSE:PKG traded up $2.2510 during midday trading on Friday, reaching $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 debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.50 and a beta of 0.85. The company has a fifty day simple moving average of $197.84 and a two-hundred day simple moving average of $196.13.

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, beating 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 business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company 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. Research analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the company from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial lowered their price target 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. UBS Group raised their target price 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 raised their target price 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, Wells Fargo & Company raised 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 note on Thursday, July 10th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $215.40.

About Packaging Corporation of America

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.