Fox Run Management L.L.C. Sells 1,696 Shares of Packaging Corporation of America $PKG

Key Points

• Fox Run Management L.L.C. reduced its stake in Packaging Corporation of America by 42.1%, selling 1,696 shares to hold a total of 2,332 shares valued at $462,000.
• Analysts have varied views on the stock with Jefferies downgrading it from a "buy" to a "hold," while Wells Fargo and Citigroup adjusted their price targets upwards.
• For the most recent quarter, Packaging Corporation of America reported earnings per share (EPS) of $2.48, surpassing expectations and showing a 4.7% increase in revenue compared to the previous year.

Fox Run Management L.L.C. lowered its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 42.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,332 shares of the industrial products company's stock after selling 1,696 shares during the period. Fox Run Management L.L.C.'s holdings in Packaging Corporation of America were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PKG. NewEdge Advisors LLC boosted its position in Packaging Corporation of America by 26.3% during the 4th quarter. NewEdge Advisors LLC now owns 14,398 shares of the industrial products company's stock valued at $3,241,000 after buying an additional 2,997 shares during the period. Forum Financial Management LP boosted its position in Packaging Corporation of America by 65.2% during the 4th quarter. Forum Financial Management LP now owns 1,786 shares of the industrial products company's stock valued at $402,000 after buying an additional 705 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Packaging Corporation of America during the 4th quarter valued at $1,227,000. MetLife Investment Management LLC boosted its position in Packaging Corporation of America by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 23,590 shares of the industrial products company's stock valued at $5,311,000 after buying an additional 416 shares during the period. Finally, MML Investors Services LLC boosted its position in Packaging Corporation of America by 30.0% during the 4th quarter. MML Investors Services LLC now owns 22,209 shares of the industrial products company's stock valued at $5,000,000 after buying an additional 5,123 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PKG shares. Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup raised their target price on shares of 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. UBS Group raised their target price on shares of 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 dropped their target price on shares of 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. Finally, Wells Fargo & Company raised their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Stock Up 1.1%

NYSE PKG traded up $2.2510 during trading hours on Friday, reaching $212.6010. 1,435,450 shares of the company's stock traded hands, compared to its average volume of 856,264. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The firm has a market cap of $19.13 billion, a PE ratio of 21.22, a PEG ratio of 2.33 and a beta of 0.85. The firm has a 50-day simple moving average of $197.35 and a 200 day simple moving average of $196.22. 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 (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the company posted $2.20 EPS. Packaging Corporation of America's revenue 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. Sell-side analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is 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.