UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Holdings in Packaging Corporation of America $PKG

Key Points

• UBS AM increased its stake in Packaging Corporation of America by 2.6% in Q1, owning approximately 0.48% of the company, valued at $85.3 million.
• Several major investors have significantly boosted their holdings in Packaging Corporation of America, with Price T Rowe Associates increasing its ownership by 108.4% to over 2.36 million shares.
• The company announced a quarterly dividend of $1.25 per share, reflecting an annualized rate of $5.00, with a yield of 2.3% for shareholders of record as of September 15th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 430,843 shares of the industrial products company's stock after acquiring an additional 10,972 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.48% of Packaging Corporation of America worth $85,316,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC boosted its holdings in Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. TCTC Holdings LLC boosted its holdings in Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after acquiring an additional 70 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Packaging Corporation of America in the first quarter worth $39,000. 1 North Wealth Services LLC bought a new stake in Packaging Corporation of America in the first quarter worth $40,000. Finally, Banque Cantonale Vaudoise bought a new stake in Packaging Corporation of America in the first quarter worth $40,000. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock traded down $0.22 during mid-day trading on Tuesday, reaching $211.59. 636,154 shares of the stock traded hands, compared to its average volume of 848,768. The stock has a market capitalization of $19.04 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.88 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 12-month low of $172.71 and a 12-month high of $250.82. The business's 50-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 posted its quarterly earnings data 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 company had revenue of $2.17 billion during 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, sell-side analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is 49.90%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted 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. Truist Financial decreased 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. UBS Group boosted 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. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Citigroup boosted 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company's stock.

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.