1,604 Shares in Packaging Corporation of America $PKG Purchased by MBB Public Markets I LLC

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 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,604 shares of the industrial products company's stock, valued at approximately $318,000.

Several other large investors also recently bought and sold shares of PKG. Price T Rowe Associates Inc. MD increased its position in Packaging Corporation of America by 108.4% in 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 during the last quarter. JPMorgan Chase & Co. increased its position in 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 worth $601,755,000 after purchasing an additional 964,085 shares during the last quarter. GAMMA Investing LLC increased its position in 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 worth $123,047,000 after purchasing an additional 618,956 shares during the last quarter. Select Equity Group L.P. increased its position in 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 worth $136,486,000 after purchasing an additional 367,933 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Packaging Corporation of America in the first quarter worth $66,091,000. Institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

PKG has been the topic of several research reports. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Wells Fargo & Company boosted their price objective on shares of 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. 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. UBS Group boosted their price objective on shares of 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. Finally, Citigroup boosted their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Trading Down 0.8%

Shares of NYSE PKG traded down $1.70 during mid-day trading on Friday, reaching $215.33. The company had a trading volume of 471,233 shares, compared to its average volume of 853,098. The business's 50-day moving average is $204.93 and its 200-day moving average is $196.74. 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 stock has a market cap of $19.38 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

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 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. 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. Equities analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Packaging Corporation of America's dividend payout ratio is 49.90%.

Packaging Corporation of America Company 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.