Teza Capital Management LLC Cuts Position in Packaging Corporation of America $PKG

Key Points

• Teza Capital Management LLC significantly reduced its stake in Packaging Corporation of America by 86.8%, now holding only 2,058 shares valued at approximately $408,000.
• The company recently reported earnings of $2.48 per share for the last quarter, surpassing analysts' expectations, with revenue of $2.17 billion, a 4.7% increase year-over-year.
• A quarterly dividend of $1.25 per share has been declared, with an upcoming payout date of October 15th, representing an annualized yield of 2.3%.

Teza Capital Management LLC reduced its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 86.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,058 shares of the industrial products company's stock after selling 13,546 shares during the period. Teza Capital Management LLC's holdings in Packaging Corporation of America were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PKG. Price T Rowe Associates Inc. MD increased its holdings in shares of Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock valued at $468,045,000 after purchasing an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after purchasing an additional 964,085 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Packaging Corporation of America by 25,461.0% in the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock valued at $123,047,000 after purchasing an additional 618,956 shares during the last quarter. Select Equity Group L.P. increased its holdings in shares of Packaging Corporation of America by 114.5% in the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock valued at $136,486,000 after purchasing an additional 367,933 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Packaging Corporation of America in the first quarter valued at $66,091,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on PKG shares. Wells Fargo & Company upped their price objective on shares of 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. 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 note on Friday, July 25th. Truist Financial decreased their target price 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. UBS Group boosted their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their target price for the company from $245.00 to $205.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock traded down $1.70 on Friday, hitting $215.33. The company had a trading volume of 471,233 shares, compared to its average volume of 853,098. The company has a market cap of $19.37 billion, a PE ratio of 21.49, a PEG ratio of 1.89 and a beta of 0.87. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The business has a 50-day simple moving average of $204.93 and a 200-day simple moving average of $196.74. 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 announced its quarterly earnings data 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. 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 last year, the firm posted $2.20 EPS. The company's quarterly 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. Research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. 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.