Talon Private Wealth LLC Raises Position in Packaging Corporation of America $PKG

Key Points

• Talon Private Wealth LLC significantly increased its holdings in Packaging Corporation of America by 5,732.2%, acquiring an additional 11,579 shares in the first quarter, bringing its total to 11,781 shares valued at $2.35 million.
• Packaging Corporation of America reported earnings of $2.48 per share, exceeding analyst expectations, and had a revenue of $2.17 billion for the quarter, a 4.7% increase from the previous year.
• The company announced a quarterly dividend of $1.25 per share, with an annualized dividend of $5.00, resulting in a yield of 2.3%, reaffirming its solid financial position.

Talon Private Wealth LLC grew its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 5,732.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,781 shares of the industrial products company's stock after purchasing an additional 11,579 shares during the period. Talon Private Wealth LLC's holdings in Packaging Corporation of America were worth $2,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 202,755 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after acquiring an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock worth $468,045,000 after acquiring an additional 1,229,219 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Packaging Corporation of America by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company's stock worth $377,347,000 after acquiring an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Packaging Corporation of America by 5.1% in 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 acquiring an additional 60,710 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Analyst Ratings Changes

PKG has been the topic of a number of research reports. 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 report on Tuesday, July 29th. Truist Financial lowered their price target on 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. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the stock from $245.00 to $205.00 in a report on Monday, June 16th. 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 report on Thursday, July 10th. 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 report 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 assigned a Hold rating to the company's stock. Based on data from 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

NYSE:PKG traded down $1.78 during trading hours on Friday, reaching $215.25. 142,767 shares of the company traded hands, compared to its average volume of 848,430. The firm's 50-day moving average is $204.67 and its 200-day moving average is $196.72. The stock has a market cap of $19.37 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

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 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.Packaging Corporation of America's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid 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 of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is currently 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.