Packaging Corporation of America $PKG Shares Bought by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in Packaging Corporation of America (NYSE: PKG) by 16.9% during the first quarter, acquiring 38,116 additional shares, bringing its total ownership to 263,950 shares worth $52.27 million.
• Several analysts have raised their price targets for PKG, with Citi moving from $197 to $214, while UBS increased theirs from $210 to $220, reflecting strong growth expectations for the stock.
• Packaging Corporation of America has declared a quarterly dividend of $1.25 per share, which will be paid on October 15th, representing an annualized yield of 2.4%.

Bahl & Gaynor Inc. lifted its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,950 shares of the industrial products company's stock after acquiring an additional 38,116 shares during the quarter. Bahl & Gaynor Inc. owned 0.29% of Packaging Corporation of America worth $52,267,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PKG. MML Investors Services LLC raised its stake in shares of Packaging Corporation of America by 30.0% during the 4th quarter. MML Investors Services LLC now owns 22,209 shares of the industrial products company's stock worth $5,000,000 after buying an additional 5,123 shares in the last quarter. MGO One Seven LLC raised its position in shares of Packaging Corporation of America by 11.8% in the fourth quarter. MGO One Seven LLC now owns 2,657 shares of the industrial products company's stock valued at $598,000 after buying an additional 280 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Packaging Corporation of America by 91.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 113,300 shares of the industrial products company's stock worth $25,507,000 after acquiring an additional 54,060 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Packaging Corporation of America by 17.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,704 shares of the industrial products company's stock valued at $384,000 after purchasing an additional 254 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Packaging Corporation of America in the 4th quarter worth about $215,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Down 0.4%

Shares of PKG traded down $0.84 during trading on Tuesday, reaching $211.39. The company's stock had a trading volume of 1,234,300 shares, compared to its average volume of 751,805. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 2.49 and a beta of 0.85. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $198.30 and a two-hundred day moving average of $196.04. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is currently 49.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PKG. Citigroup lifted their price target on shares of 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. Truist Financial reduced their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. UBS Group raised 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 cut Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.