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

Key Points

• Voleon Capital Management LP reduced its stake in Packaging Corporation of America by 21.1% during the first quarter, now holding 12,078 shares worth $2,392,000.
• Multiple institutional investors, including Price T Rowe Associates Inc. and JPMorgan Chase & Co., significantly increased their stakes, with some reporting increases of over 25,000%.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share due on October 15th, reflecting a 2.3% yield based on its annualized dividend.

Voleon Capital Management LP trimmed its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 21.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,078 shares of the industrial products company's stock after selling 3,231 shares during the quarter. Voleon Capital Management LP's holdings in Packaging Corporation of America were worth $2,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PKG. Price T Rowe Associates Inc. MD boosted its holdings in 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Select Equity Group L.P. boosted its holdings in 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 in the last quarter. Finally, Nuveen LLC acquired a new position in Packaging Corporation of America in the first quarter valued at approximately $66,091,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock traded down $1.70 during trading hours on Friday, hitting $215.33. 471,233 shares of the company were exchanged, compared to its average volume of 836,783. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. 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 business has a 50-day moving average of $204.93 and a 200-day moving average of $196.53. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 1.88 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results 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 return on equity of 20.08% and a net margin of 10.47%.The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The company'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. As a group, analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 annualized dividend and a yield of 2.3%. Packaging Corporation of America's dividend payout ratio is 49.90%.

Analyst Ratings Changes

PKG has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on 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. 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 note on Tuesday, July 29th. Citigroup boosted 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. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Truist Financial reduced 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 note on Friday, July 25th. One 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. According to MarketBeat.com, the stock currently 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.