Resources Management Corp CT ADV Grows Stock Position in Packaging Corporation of America $PKG

Key Points

• Resources Management Corp CT ADV increased its stake in Packaging Corporation of America by 8.7% in Q1, owning 14,537 shares now valued at approximately $2.88 million.
• Recent analyst reports have led to differing price objectives for PKG, with UBS raising their target from $210 to $220 and Jefferies lowering it from $245 to $205.
• The company has announced a quarterly dividend of $1.25, resulting in an annualized dividend of $5.00, representing a yield of 2.3%.

Resources Management Corp CT ADV grew its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,537 shares of the industrial products company's stock after buying an additional 1,159 shares during the period. Resources Management Corp CT ADV's holdings in Packaging Corporation of America were worth $2,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC boosted its stake in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the period. TCTC Holdings LLC boosted its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after purchasing an additional 70 shares during the period. Alpine Bank Wealth Management bought a new position in Packaging Corporation of America in the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise bought a new position in Packaging Corporation of America in the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC boosted its stake in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after purchasing an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PKG shares. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial dropped their price target 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. Wells Fargo & Company upped their price target 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. UBS Group upped their price target 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. Finally, Citigroup upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Price Performance

Shares of PKG traded down $1.78 during mid-day trading on Friday, hitting $215.25. 142,767 shares of the stock were exchanged, compared to its average volume of 848,430. The company has a market cap of $19.37 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The firm has a 50-day moving average of $204.67 and a two-hundred day moving average of $196.72. 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 issued its quarterly earnings data 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 return on equity of 20.08% and a net margin of 10.47%.The business 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 firm earned $2.20 EPS. The company's revenue for the quarter 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, equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is presently 49.90%.

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.