Northern Trust Corp Lowers Stock Position in Packaging Corporation of America $PKG

Key Points

• Northern Trust Corp has reduced its ownership in Packaging Corporation of America (PKG) by 6.4%, selling 70,554 shares, leaving them with over 1 million shares valued at approximately $205.9 million.
• Several hedge funds have adjusted their stakes in PKG recently, with Adage Capital Partners GP increasing its holdings by 91.3% in the last quarter.
• In the latest earnings report, Packaging Corporation of America reported $2.48 EPS, slightly exceeding analyst expectations, and announced a quarterly dividend of $1.25 per share.

Northern Trust Corp cut its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,039,868 shares of the industrial products company's stock after selling 70,554 shares during the period. Northern Trust Corp owned 1.16% of Packaging Corporation of America worth $205,915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PKG. MetLife Investment Management LLC boosted its holdings in Packaging Corporation of America by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 23,590 shares of the industrial products company's stock worth $5,311,000 after buying an additional 416 shares in the last quarter. MML Investors Services LLC boosted its holdings in Packaging Corporation of America by 30.0% during the fourth quarter. MML Investors Services LLC now owns 22,209 shares of the industrial products company's stock worth $5,000,000 after buying an additional 5,123 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Packaging Corporation of America by 10.1% during the fourth quarter. Hsbc Holdings PLC now owns 363,089 shares of the industrial products company's stock worth $81,732,000 after buying an additional 33,323 shares in the last quarter. MGO One Seven LLC boosted its holdings in Packaging Corporation of America by 11.8% during the fourth quarter. MGO One Seven LLC now owns 2,657 shares of the industrial products company's stock worth $598,000 after buying an additional 280 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Packaging Corporation of America by 91.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 113,300 shares of the industrial products company's stock worth $25,507,000 after buying an additional 54,060 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on PKG shares. 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 report on Friday, July 25th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the company from $245.00 to $205.00 in a report on Monday, June 16th. UBS Group increased 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 report on Tuesday, July 29th. Wells Fargo & Company increased 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 report on Thursday, July 10th. Finally, Truist Financial decreased 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 report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $210.3940 on Friday. The firm has a 50-day simple moving average of $197.35 and a 200-day simple moving average of $196.22. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.33 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. 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 issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share. 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 fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is 49.90%.

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.

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