Packaging Corporation of America $PKG Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its stake in Packaging Corporation of America by 8.3%, owning approximately 0.28% of the company valued at $49.3 million as of the end of the first quarter.
• Several institutional investors, including Canada Pension Plan Investment Board, also made significant changes to their positions in Packaging Corporation of America, which has an overall 89.78% ownership by institutional investors.
• Analysts have raised their price targets for Packaging Corporation of America, with the current consensus target price set at $215.40 and a moderate buy rating.

Royal Bank of Canada boosted its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,891 shares of the industrial products company's stock after purchasing an additional 18,983 shares during the period. Royal Bank of Canada owned about 0.28% of Packaging Corporation of America worth $49,286,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PKG. Charles Schwab Investment Management Inc. increased its position in shares of Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company's stock valued at $648,061,000 after buying an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Packaging Corporation of America by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company's stock valued at $377,347,000 after acquiring an additional 47,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Packaging Corporation of America by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company's stock worth $247,240,000 after acquiring an additional 60,710 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Up 2.0%

Shares of NYSE:PKG traded up $4.33 during midday trading on Thursday, reaching $217.38. The company's stock had a trading volume of 620,055 shares, compared to its average volume of 842,624. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. The business has a 50 day moving average price of $204.67 and a 200 day moving average price of $196.72. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. 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 (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 firm 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

Wall Street Analyst Weigh In

PKG has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note 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 report on Thursday, July 10th. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Citigroup lifted their price objective 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. Finally, Truist Financial cut their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and an average price target 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.