Packaging Corporation of America $PKG Stock Position Lifted by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in Packaging Corporation of America by 108.4%, acquiring an additional 1,229,219 shares to own a total of 2,363,617 shares worth $468.05 million.
• Institutional investors and hedge funds collectively hold 89.78% of Packaging Corporation of America's stock, indicating strong institutional support.
• The company announced a quarterly dividend of $1.25 per share, resulting in an annualized dividend of $5.00 and a dividend yield of 2.4%, with a payout ratio of 49.90%.

Price T Rowe Associates Inc. MD boosted its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 108.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,363,617 shares of the industrial products company's stock after purchasing an additional 1,229,219 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.63% of Packaging Corporation of America worth $468,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PKG. Clearstead Trust LLC lifted its position in Packaging Corporation of America by 118.6% in the 1st 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 during the last quarter. TCTC Holdings LLC raised its position in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after buying an additional 70 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth about $39,000. Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth about $40,000. Finally, Manchester Capital Management LLC raised its position in shares of Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after buying an additional 57 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PKG has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Truist Financial dropped their price target on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Citigroup boosted their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company boosted 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America currently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Trading Down 0.3%

Shares of Packaging Corporation of America stock traded down $0.67 during trading on Wednesday, hitting $210.95. The stock had a trading volume of 603,290 shares, compared to its average volume of 853,718. The stock has a 50 day simple moving average of $198.80 and a 200 day simple moving average of $196.14. The company has a market capitalization of $18.98 billion, a PE ratio of 21.05, 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. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released 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 business had revenue of $2.17 billion for 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 firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a $1.25 dividend. 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 (DPR) is 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.