Goldman Sachs Group Inc. Acquires 134,234 Shares of Packaging Corporation of America $PKG

Key Points

• Goldman Sachs Group Inc. increased its stake in Packaging Corporation of America (PKG) by 31.2% during the first quarter, owning approximately $111.76 million worth of shares.
• The company reported $2.48 EPS, exceeding analyst expectations, with a revenue of $2.17 billion for the quarter, up 4.7% year-over-year.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, with a payout ratio of 49.90%, and a annualized dividend yield of 2.3%.

Goldman Sachs Group Inc. grew its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 31.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 564,397 shares of the industrial products company's stock after buying an additional 134,234 shares during the quarter. Goldman Sachs Group Inc. owned 0.63% of Packaging Corporation of America worth $111,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Packaging Corporation of America during the 1st quarter valued at $2,127,000. Sowell Financial Services LLC bought a new position in shares of Packaging Corporation of America during the 1st quarter valued at $309,000. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $5,671,000 after purchasing an additional 1,531 shares in the last quarter. Brookstone Capital Management increased its stake 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 worth $1,997,000 after purchasing an additional 8,853 shares in the last quarter. Finally, First United Bank & Trust purchased a new stake in shares of Packaging Corporation of America in the 1st quarter worth $289,000. 89.78% of the stock is owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares of the company's stock, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PKG has been the subject of several analyst reports. Truist Financial reduced their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company upped their price objective on 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. Citigroup upped their price objective on 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. Finally, UBS Group upped their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Price Performance

PKG stock traded down $0.22 during trading on Tuesday, reaching $211.59. The company's stock had a trading volume of 636,154 shares, compared to its average volume of 848,768. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. 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 has a market capitalization of $19.04 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company's fifty day moving average is $205.14 and its 200-day moving average is $196.52.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating 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 business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $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. On average, research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is 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.