Mirae Asset Global Investments Co. Ltd. Has $19.62 Million Position in Packaging Corporation of America $PKG

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its stake in Packaging Corporation of America by 12.4%, owning 104,120 shares valued at approximately $19.62 million as of the latest SEC filing.
• Several institutional investors, including Price T Rowe Associates and JPMorgan Chase & Co., have also significantly increased their positions in the company during the first quarter.
• Packaging Corporation of America announced a quarterly dividend of $1.25, which represents an annualized dividend yield of 2.3%, to be paid on October 15th to investors of record.

Mirae Asset Global Investments Co. Ltd. increased its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,120 shares of the industrial products company's stock after buying an additional 11,480 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Packaging Corporation of America worth $19,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PKG. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $468,045,000 after buying an additional 1,229,219 shares during the period. JPMorgan Chase & Co. increased its position in Packaging Corporation of America by 46.5% during the 1st 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. Select Equity Group L.P. increased its position in Packaging Corporation of America by 114.5% during the 1st 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 period. Nuveen LLC acquired a new stake in Packaging Corporation of America during the 1st quarter valued at approximately $66,091,000. Finally, Assenagon Asset Management S.A. increased its position in Packaging Corporation of America by 377.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company's stock valued at $49,412,000 after purchasing an additional 207,244 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $214.75 on Friday. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.84 and a beta of 0.91. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The stock's 50 day moving average price is $208.05 and its two-hundred day moving average price is $197.90. 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 posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the business earned $2.20 EPS. The company'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, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis 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 currently 49.90%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Packaging Corporation of America in a research report on Saturday, September 27th. Wells Fargo & Company increased their target price 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. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Truist Financial increased their target price on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. started coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They set an "overweight" rating and a $242.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $223.83.

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.

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