Millennium Management LLC Has $21.36 Million Stock Holdings in Packaging Corporation of America $PKG

Key Points

• Millennium Management LLC sold 511,667 shares of Packaging Corporation of America, reducing its stake by 82.6% to 107,876 shares, valued at approximately $21.36 million.
• Several institutional investors have increased their holdings in Packaging Corporation of America, with significant increases from Price T Rowe Associates Inc. (108.4%) and JPMorgan Chase & Co. (46.5%).
• Packaging Corporation of America reported Q2 earnings per share (EPS) of $2.48, exceeding analysts' expectations, and has set a Q3 2025 guidance of 2.800 EPS.

Millennium Management LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 82.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,876 shares of the industrial products company's stock after selling 511,667 shares during the quarter. Millennium Management LLC owned approximately 0.12% of Packaging Corporation of America worth $21,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Packaging Corporation of America by 165.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,469 shares of the industrial products company's stock worth $5,043,000 after buying an additional 15,878 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock worth $585,000 after buying an additional 1,252 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Packaging Corporation of America during the first quarter worth about $2,127,000. Gotham Asset Management LLC grew its stake in Packaging Corporation of America by 41.9% during the first quarter. Gotham Asset Management LLC now owns 79,038 shares of the industrial products company's stock worth $15,651,000 after buying an additional 23,343 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its stake in Packaging Corporation of America by 3.9% during the first quarter. Boothbay Fund Management LLC now owns 46,784 shares of the industrial products company's stock worth $9,264,000 after buying an additional 1,753 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Trading Down 0.1%

PKG stock traded down $0.22 during midday trading on Tuesday, reaching $211.59. The company's stock had a trading volume of 636,154 shares, compared to its average volume of 848,768. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The stock has a market cap of $19.04 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The business's 50-day simple moving average is $205.14 and its 200-day simple moving average is $196.52.

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 (EPS) for the quarter, beating 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 firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the firm earned $2.20 earnings per share. The business'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. As a group, sell-side analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced 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 2.4%. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

Wall Street Analysts Forecast Growth

PKG has been the topic of several research analyst reports. Wells Fargo & Company upped 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 note on Thursday, July 10th. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Citigroup increased their price target on shares of 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. UBS Group increased their price target on shares of 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. Finally, Truist Financial decreased their price target on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. One investment 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. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

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.