MBB Public Markets I LLC Invests $318,000 in Packaging Corporation of America $PKG

Key Points

• MBB Public Markets I LLC has acquired 1,604 shares of Packaging Corporation of America (NYSE: PKG) valued at approximately $318,000, during the first quarter.
• Packaging Corporation of America recently declared a quarterly dividend of $1.25 per share, representing a $5.00 annualized dividend and a yield of 2.3%.
• Analyst ratings for Packaging Corporation of America have varied, with one analyst rating it as a Strong Buy and a consensus rating of Moderate Buy, with an average price target of $215.40.

MBB Public Markets I LLC bought a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,604 shares of the industrial products company's stock, valued at approximately $318,000.

A number of other hedge funds 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% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock worth $468,045,000 after purchasing an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Packaging Corporation of America by 46.5% in 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 last quarter. GAMMA Investing LLC increased its holdings 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 purchasing an additional 618,956 shares during the last quarter. Select Equity Group L.P. increased its holdings in shares of Packaging Corporation of America by 114.5% in the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock valued at $136,486,000 after purchasing an additional 367,933 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $66,091,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

PKG stock traded down $0.42 during trading on Monday, hitting $213.48. The company had a trading volume of 107,252 shares, compared to its average volume of 845,998. The firm has a market cap of $19.21 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The firm has a 50-day moving average price of $204.93 and a 200-day moving average price of $196.53. 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 announced its quarterly earnings data 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The firm'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. On average, analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America's payout ratio is 49.90%.

Analysts Set New Price Targets

PKG has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group raised their price target 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. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup raised their price target on 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. Finally, Truist Financial decreased their target price on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average target price 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.