Rafferty Asset Management LLC Has $1.22 Million Position in Packaging Corporation of America $PKG

Key Points

• Rafferty Asset Management LLC reduced its holdings in Packaging Corporation of America by 20.6% during the 1st quarter, bringing its total stake to 6,150 shares valued at $1.22 million.
• Packaging Corporation of America reported a quarterly earnings per share of $2.48, slightly exceeding expectations, along with a revenue of $2.17 billion for the same quarter, marking a 4.7% increase year-over-year.
• The company has announced a quarterly dividend of $1.25 per share to be paid on October 15th, which reflects an annualized dividend yield of 2.3% and a payout ratio of 49.90%.

Rafferty Asset Management LLC reduced its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,150 shares of the industrial products company's stock after selling 1,594 shares during the period. Rafferty Asset Management LLC's holdings in Packaging Corporation of America were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PKG. Clearstead Trust LLC lifted its holdings in Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. TCTC Holdings LLC lifted its holdings in 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 purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America during the 1st quarter valued at $39,000. Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America during the 1st quarter valued at $40,000. Finally, Manchester Capital Management LLC grew its holdings 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 purchasing an additional 57 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock traded up $3.48 during trading on Friday, reaching $220.20. 873,545 shares of the company's stock were exchanged, compared to its average volume of 776,675. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The company has a market cap of $19.81 billion, a P/E ratio of 21.98, a PEG ratio of 1.92 and a beta of 0.87. The firm's 50-day moving average price is $203.36 and its 200 day moving average price is $196.46.

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

Packaging Corporation of America Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's payout ratio is 49.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on 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. Citigroup boosted their price target on 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. UBS Group boosted their price target on 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. Truist Financial dropped their price target on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target 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 given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Packaging Corporation of America presently has an average 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.