Packaging Corporation of America $PKG Stock Holdings Decreased by National Pension Service

Key Points

• The National Pension Service has significantly reduced its stake in Packaging Corporation of America (PKG) by 77.2%, now owning only 36,434 shares after selling 123,500 shares in the first quarter.
• Institutional ownership remains high, with approximately 89.78% of the company's stock held by institutional investors, as several other investors increased their positions in PKG during the same period.
• In its latest earnings report, Packaging Corporation of America exceeded earnings estimates with $2.48 earnings per share against the projected $2.44, while revenue increased by 4.7% year-over-year.

National Pension Service lowered its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 77.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,434 shares of the industrial products company's stock after selling 123,500 shares during the quarter. National Pension Service's holdings in Packaging Corporation of America were worth $7,215,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Packaging Corporation of America during the first quarter worth approximately $309,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Packaging Corporation of America by 718.0% in the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after purchasing an additional 8,853 shares during the last quarter. First United Bank & Trust acquired a new position in shares of Packaging Corporation of America in the 1st quarter valued at $289,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Packaging Corporation of America by 11.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock valued at $49,544,000 after purchasing an additional 25,471 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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 report on Friday, July 25th. UBS Group lifted 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 report on Tuesday, July 29th. Citigroup lifted 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 report on Friday, July 25th. Wells Fargo & Company lifted their price target on shares of 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. Finally, Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their target price for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Trading Up 2.0%

Shares of PKG stock traded up $3.9740 during mid-day trading on Tuesday, reaching $198.0840. The company's stock had a trading volume of 560,220 shares, compared to its average volume of 654,041. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The firm has a market capitalization of $17.82 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.28 and a beta of 0.85. 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 company's 50 day simple moving average is $196.92 and its 200-day simple moving average is $196.21.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $2.18 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The firm's quarterly 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. On average, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

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.