Voleon Capital Management LP Has $2.39 Million Position in Packaging Corporation of America $PKG

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC increased its holdings in shares of Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. TCTC Holdings LLC increased its holdings in shares of Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $39,000. 1 North Wealth Services LLC bought a new position in Packaging Corporation of America in the first quarter valued at approximately $40,000. Finally, Banque Cantonale Vaudoise bought a new position in Packaging Corporation of America in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PKG shares. UBS Group raised their price objective 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. Citigroup raised their price objective on shares of 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. Wells Fargo & Company raised 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 research note on Thursday, July 10th. Truist Financial reduced their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Jefferies Financial Group cut shares of 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. One equities 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Stock Down 0.8%

PKG traded down $1.70 during trading on Friday, hitting $215.33. The company had a trading volume of 471,233 shares, compared to its average volume of 850,349. The company has a market capitalization of $19.38 billion, a PE ratio of 21.49, a PEG ratio of 1.86 and a beta of 0.87. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The firm's 50-day moving average price is $204.67 and its 200 day moving average price is $196.72. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $1.25 dividend. 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 payout ratio is currently 49.90%.

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.