Packaging Corporation of America $PKG Shares Sold by Earnest Partners LLC

Key Points

• Earnest Partners LLC reduced its stake in Packaging Corporation of America by 3.0%, now owning approximately 0.30% of the company's shares, worth around $53.96 million.
• Packaging Corporation of America posted an earnings per share (EPS) of $2.48, surpassing analysts' expectations by $0.04, despite revenues slightly missing targets at $2.17 billion.
• The company announced a quarterly dividend of $1.25 per share, translating to an annualized dividend of $5.00, resulting in a dividend yield of 2.4%.

Earnest Partners LLC lowered its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,508 shares of the industrial products company's stock after selling 8,474 shares during the period. Earnest Partners LLC owned about 0.30% of Packaging Corporation of America worth $53,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Packaging Corporation of America in the 1st quarter valued at about $309,000. Wealth Enhancement Advisory Services LLC raised its position in Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares in the last quarter. Brookstone Capital Management raised its position in Packaging Corporation of America by 718.0% in the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after purchasing an additional 8,853 shares in the last quarter. First United Bank & Trust acquired a new stake in Packaging Corporation of America in the 1st quarter valued at about $289,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Packaging Corporation of America by 11.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock valued at $49,544,000 after purchasing an additional 25,471 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Down 0.3%

PKG opened at $210.95 on Thursday. The business's 50-day simple moving average is $199.29 and its 200-day simple moving average is $196.24. 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 has a one year low of $172.71 and a one year high of $250.82. The stock has a market capitalization of $18.98 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.25 per share. 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 payout ratio is 49.90%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. UBS Group upped their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Truist Financial lowered their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research 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 objective for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Citigroup upped their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.40.

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.

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