Wellington Management Group LLP Purchases 13,807 Shares of Packaging Corporation of America $PKG

Key Points

• Wellington Management Group LLP significantly increased its stake in Packaging Corporation of America by 48.9% during Q1, now owning 42,067 shares valued at approximately $8.33 million.
• Analysts have mixed views on the stock, with Jefferies lowering its rating from "buy" to "hold," while others set target prices between $205.00 and $220.00, resulting in a consensus rating of "Moderate Buy."
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share to be paid on October 15th, equating to an annualized payout of $5.00 and a dividend yield of 2.3%.

Wellington Management Group LLP grew its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 48.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,067 shares of the industrial products company's stock after buying an additional 13,807 shares during the quarter. Wellington Management Group LLP's holdings in Packaging Corporation of America were worth $8,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in Packaging Corporation of America by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company's stock worth $648,061,000 after buying an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $601,755,000 after buying an additional 964,085 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Packaging Corporation of America by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company's stock worth $247,240,000 after buying an additional 60,710 shares in the last quarter. Northern Trust Corp lifted its position in Packaging Corporation of America by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,110,422 shares of the industrial products company's stock worth $249,989,000 after buying an additional 133,427 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Packaging Corporation of America by 20.8% during the 1st quarter. American Century Companies Inc. now owns 1,090,307 shares of the industrial products company's stock worth $215,903,000 after purchasing an additional 187,800 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PKG shares. UBS Group boosted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Citigroup boosted their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company boosted 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. Finally, Truist Financial lowered 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 research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Stock Performance

PKG traded up $1.39 on Friday, reaching $218.04. The company had a trading volume of 937,970 shares, compared to its average volume of 782,986. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market cap of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.90 and a beta of 0.87. The company's fifty day moving average is $200.53 and its 200 day moving average is $196.20. 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 announced its 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 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 analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The business's revenue 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. As a group, 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. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. 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 is presently 49.90%.

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.