QRG Capital Management Inc. Acquires 5,760 Shares of Packaging Corporation of America $PKG

Key Points

• QRG Capital Management Inc. increased its stake in Packaging Corporation of America by 6.4%, acquiring an additional 5,760 shares, bringing its total ownership to 95,714 shares valued at approximately $18 million.
• Packaging Corporation of America reported a quarterly EPS of $2.48, exceeding estimates by $0.04, with revenues of $2.17 billion, marking a 4.7% increase from the same quarter last year.
• The company announced a quarterly dividend of $1.25 per share, equating to an annualized dividend of $5.00 and a dividend yield of 2.3%, to be paid on October 15th to shareholders on record as of September 15th.

QRG Capital Management Inc. increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,714 shares of the industrial products company's stock after buying an additional 5,760 shares during the period. QRG Capital Management Inc. owned 0.11% of Packaging Corporation of America worth $18,037,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PKG. 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. Bruce G. Allen Investments LLC boosted its position in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock valued at $26,000 after buying an additional 57 shares during the last quarter. TCTC Holdings LLC increased its stake in shares of Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America during the first quarter worth $39,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $214.75 on Friday. 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 12-month low of $172.71 and a 12-month high of $250.82. The firm has a fifty day moving average of $208.05 and a 200-day moving average of $197.90. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data 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. 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 return on equity of 20.08% and a net margin of 10.47%.The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities research analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's payout ratio is 49.90%.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on 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. 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 note on Friday, July 25th. Zacks Research raised shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Truist Financial lifted their target price on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $223.83.

Packaging Corporation of America 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.

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