Raymond James Financial Inc. Purchases 2,876 Shares of Packaging Corporation of America $PKG

Key Points

• Raymond James Financial Inc. increased its stake in Packaging Corporation of America by 1.3%, owning 225,746 shares worth approximately $44.7 million after purchasing an additional 2,876 shares in the first quarter.
• Packaging Corporation of America reported a quarterly earnings increase with $2.48 EPS, slightly above analysts' estimates, and announced a quarterly dividend of $1.25 per share, indicating a yield of 2.4%.
• Analysts have shown mixed ratings for Packaging Corporation of America, with a consensus average rating of "Moderate Buy" and a target price of $215.40.

Raymond James Financial Inc. increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,746 shares of the industrial products company's stock after buying an additional 2,876 shares during the quarter. Raymond James Financial Inc. owned 0.25% of Packaging Corporation of America worth $44,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC lifted its position in shares of 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 buying an additional 70 shares during the period. 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 acquired a new stake in shares of Packaging Corporation of America in the 1st quarter valued at $39,000. Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America during the first quarter worth $40,000. Finally, Manchester Capital Management LLC grew its stake 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 worth $40,000 after purchasing an additional 57 shares during the period. Institutional investors own 89.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PKG shares. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial cut their price target on 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. UBS Group upped their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Wells Fargo & Company boosted their price target on 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. Finally, Citigroup boosted their price target on 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. 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. According to data from MarketBeat.com, Packaging Corporation of America has an average rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Trading Up 6.2%

Shares of PKG stock opened at $210.3940 on Friday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The company has a market cap of $18.93 billion, a PE ratio of 21.00, a P/E/G ratio of 2.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The stock's fifty day moving average price is $197.35 and its two-hundred day moving average price is $196.22.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating 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 period in the prior year, the company earned $2.20 EPS. Packaging Corporation of America's revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio is presently 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.

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