MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 15,878 Shares of Packaging Corporation of America $PKG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Packaging Corporation of America by 165.6%, owning 25,469 shares worth approximately $5.04 million after buying an additional 15,878 shares in the 1st quarter.
• Packaging Corporation of America reported $2.48 EPS for the latest quarter, beating expectations, and set guidance for Q3 2025 at 2.800 EPS, with an annualized dividend of $5.00.
• Institutional investors hold 89.78% of the company's stock, with multiple analysts recently adjusting their price targets, leading to a consensus rating of "Moderate Buy" with a target price of $215.40.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 165.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,469 shares of the industrial products company's stock after buying an additional 15,878 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Packaging Corporation of America were worth $5,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC grew its holdings in shares of Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after buying an additional 70 shares during the last quarter. TCTC Holdings LLC lifted its position in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 70 shares during the period. Alpine Bank Wealth Management bought a new position in Packaging Corporation of America during the first quarter valued at approximately $39,000. 1 North Wealth Services LLC bought a new position in Packaging Corporation of America during the first quarter valued at approximately $40,000. Finally, Banque Cantonale Vaudoise bought a new position in Packaging Corporation of America during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

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

Packaging Corporation of America Price Performance

Shares of NYSE:PKG traded up $2.93 on Wednesday, reaching $214.40. The company's stock had a trading volume of 71,412 shares, compared to its average volume of 844,293. 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 cap of $19.29 billion, a P/E ratio of 21.41, a PEG ratio of 1.85 and a beta of 0.87. The company has a 50-day simple moving average of $205.31 and a 200 day simple moving average of $196.62. 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 (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS 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 business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the company posted $2.20 EPS. The business's 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. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend payout ratio (DPR) is 49.90%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.