Credit Agricole S A Sells 31,433 Shares of Packaging Corporation of America $PKG

Key Points

• Credit Agricole S A has reduced its stake in Packaging Corporation of America by 54.4%, now holding 26,387 shares valued at approximately $5.2 million.
• Analysts have mixed ratings on Packaging Corporation of America, with a consensus price target of $215.40, reflecting varying forecasts of market performance.
• The company recently announced a quarterly dividend of $1.25 per share, resulting in an annualized yield of 2.4% for shareholders.

Credit Agricole S A lowered its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 54.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,387 shares of the industrial products company's stock after selling 31,433 shares during the period. Credit Agricole S A's holdings in Packaging Corporation of America were worth $5,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Packaging Corporation of America by 6.6% during the first 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. increased its stake in Packaging Corporation of America by 46.5% during 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. Dimensional Fund Advisors LP increased its stake in Packaging Corporation of America by 5.1% during 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. Northern Trust Corp increased its stake in Packaging Corporation of America by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,110,422 shares of the industrial products company's stock worth $249,989,000 after acquiring an additional 133,427 shares during the period. Finally, American Century Companies Inc. increased its stake in Packaging Corporation of America by 20.8% during the 1st quarter. American Century Companies Inc. now owns 1,090,307 shares of the industrial products company's stock worth $215,903,000 after acquiring an additional 187,800 shares during the period. Institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

PKG has been the topic of a number of recent research reports. Citigroup raised 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. Truist Financial reduced their target price 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. 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. 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. Finally, 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. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Price Performance

Shares of NYSE PKG traded down $0.33 during mid-day trading on Wednesday, hitting $211.29. 324,198 shares of the stock traded hands, compared to its average volume of 853,587. 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 twelve month low of $172.71 and a twelve month high of $250.82. The company has a market cap of $19.01 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85. The firm has a 50 day simple moving average of $198.80 and a two-hundred day simple moving average of $196.14.

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, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America's payout ratio is presently 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.