Packaging Corporation of America $PKG Shares Purchased by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its stake in Packaging Corporation of America by 81.7%, acquiring a total of 5,167 shares valued at $1,010,000.
• Analysts have mixed views on the stock, with one firm rating it a strong buy and others issuing hold ratings, resulting in an average rating of "Moderate Buy" and a consensus target price of $215.40.
• Packaging Corporation of America plans to distribute a quarterly dividend of $1.25 per share, highlighting a 2.5% yield based on an annualized basis.

Groupama Asset Managment increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 81.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,167 shares of the industrial products company's stock after purchasing an additional 2,323 shares during the quarter. Groupama Asset Managment's holdings in Packaging Corporation of America were worth $1,010,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC lifted its holdings in shares of Packaging Corporation of America by 118.6% during the first 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 lifted its holdings in shares of Packaging Corporation of America by 86.4% during the first 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 acquired a new stake in shares of Packaging Corporation of America during the first quarter worth $39,000. Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America during the first quarter worth $40,000. Finally, Manchester Capital Management LLC lifted its holdings in Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on PKG shares. UBS Group raised their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Truist Financial reduced their target price on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their target price for the company from $245.00 to $205.00 in a report on Monday, June 16th. Wells Fargo & Company raised their target price on 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, Citigroup raised their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a report on Friday, July 25th. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Price Performance

Shares of PKG stock traded up $2.2510 during mid-day trading on Friday, reaching $212.6010. The stock had a trading volume of 1,435,450 shares, compared to its average volume of 707,615. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The company has a market cap of $19.13 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 2.50 and a beta of 0.85. The business has a 50-day simple moving average of $197.84 and a 200 day simple moving average of $196.13. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the business posted $2.20 earnings per share. The business'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, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America's dividend payout ratio (DPR) is currently 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.