Packaging Corporation of America $PKG Shares Sold by Hudson Bay Capital Management LP

Key Points

• Hudson Bay Capital Management LP cut its stake in Packaging Corporation of America by 61.4%, selling 27,779 shares and leaving it with 17,466 shares worth $3.806 million; President Thomas A. Hassfurther also sold 12,129 shares for about $2.80 million, reducing his position by 5.8%.
• Packaging Corp. missed Q4 estimates with $2.32 EPS versus $2.41 expected and revenue of $2.36 billion versus $2.43 billion, set Q1 2026 guidance at $2.20 EPS, and analysts forecast ~10.44 EPS for the fiscal year.
• The company declared a quarterly dividend of $1.25 (annualized $5.00), implying a ~2.5% yield and a dividend payout ratio of 58.34%.

Hudson Bay Capital Management LP decreased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 61.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,466 shares of the industrial products company's stock after selling 27,779 shares during the quarter. Hudson Bay Capital Management LP's holdings in Packaging Corporation of America were worth $3,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. Integrated Wealth Concepts LLC grew its holdings in Packaging Corporation of America by 73.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock valued at $585,000 after buying an additional 1,252 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Packaging Corporation of America by 538.6% in the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company's stock worth $1,248,000 after acquiring an additional 5,316 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after acquiring an additional 57 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Packaging Corporation of America by 43.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company's stock worth $334,000 after acquiring an additional 537 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Packaging Corporation of America during the 2nd quarter valued at about $232,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Trading Down 1.1%

Shares of PKG stock opened at $202.15 on Friday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The company has a 50 day moving average price of $226.27 and a 200 day moving average price of $213.38. The stock has a market capitalization of $18.03 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the company earned $2.47 earnings per share. Packaging Corporation of America's quarterly revenue was up 10.1% compared to the same quarter last year. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be issued a $1.25 dividend. The ex-dividend date is Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Packaging Corporation of America's dividend payout ratio (DPR) is 58.34%.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of analyst reports. Truist Financial dropped their price objective on shares of Packaging Corporation of America from $273.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, January 29th. Weiss Ratings lowered shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Zacks Research raised shares of Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. UBS Group raised their price target on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.00.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares of the company's stock, valued at $45,422,791. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.

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