Packaging Corporation of America $PKG is PharVision Advisers LLC's 9th Largest Position

Key Points

• PharVision Advisers LLC increased its stake in Packaging Corporation of America by 107.1% during the 1st quarter, now owning a total of 2,850 shares valued at approximately $564,000.
• The company recently declared a quarterly dividend of $1.25 per share, representing an annualized total of $5.00 and a yield of 2.3%.
• Packaging Corporation of America reported earnings of $2.48 per share for the latest quarter, surpassing analyst expectations and indicating a 4.7% year-over-year revenue growth.

PharVision Advisers LLC grew its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 107.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,850 shares of the industrial products company's stock after acquiring an additional 1,474 shares during the period. Packaging Corporation of America accounts for approximately 0.8% of PharVision Advisers LLC's investment portfolio, making the stock its 9th biggest holding. PharVision Advisers LLC's holdings in Packaging Corporation of America were worth $564,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its position in shares of Packaging Corporation of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 57 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Packaging Corporation of America by 0.7% during the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after purchasing an additional 59 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Packaging Corporation of America by 4.8% during the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 59 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Packaging Corporation of America by 20.6% during the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 66 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in shares of Packaging Corporation of America by 86.4% during 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. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PKG has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of 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. Truist Financial decreased their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. Citigroup raised their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Finally, Wells Fargo & Company raised their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG traded up $3.70 during trading hours on Thursday, hitting $216.75. The company's stock had a trading volume of 203,722 shares, compared to its average volume of 850,049. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The business has a 50 day simple moving average of $204.37 and a two-hundred day simple moving average of $196.67. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted 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. The firm 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 company's revenue was up 4.7% on a year-over-year basis. 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, equities analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed 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. 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 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.