IFM Investors Pty Ltd Trims Stake in Packaging Corporation of America $PKG

Key Points

• IFM Investors Pty Ltd reduced its stake in Packaging Corporation of America ($PKG) by 14.6%, selling 2,474 shares, which brought its total holdings to 14,476 shares valued at approximately $2.87 million.
• Recent analyst ratings for Packaging Corporation of America show a mix of recommendations with one Strong Buy, one Buy, and four Hold ratings, and a consensus target price of $215.40.
• The company recently announced a quarterly dividend of $1.25 per share, with a subsequent annualized dividend yield of 2.3%.

IFM Investors Pty Ltd decreased its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 14.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,476 shares of the industrial products company's stock after selling 2,474 shares during the period. IFM Investors Pty Ltd's holdings in Packaging Corporation of America were worth $2,867,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Packaging Corporation of America during the first quarter valued at about $2,127,000. Sowell Financial Services LLC purchased a new position in shares of Packaging Corporation of America in the first quarter worth about $309,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Packaging Corporation of America by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after buying an additional 1,531 shares during the period. Brookstone Capital Management increased its holdings in shares of Packaging Corporation of America by 718.0% in the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock worth $1,997,000 after buying an additional 8,853 shares during the period. Finally, First United Bank & Trust purchased a new position in shares of Packaging Corporation of America in the first quarter worth about $289,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock traded down $0.22 during mid-day trading on Tuesday, hitting $211.59. The stock had a trading volume of 636,154 shares, compared to its average volume of 848,768. The firm has a market capitalization of $19.04 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average is $205.14 and its 200 day moving average is $196.52. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. Packaging Corporation of America's quarterly 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. On average, sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

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 issued a $1.25 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 49.90%.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares of the company's stock, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

PKG has been the topic of a number of analyst reports. Truist Financial dropped their price target on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price objective for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup upped their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, UBS Group boosted their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.40.

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.