Packaging Corporation of America $PKG Shares Purchased by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. increased its stake in Packaging Corporation of America by 114.5%, purchasing an additional 367,933 shares, bringing its total ownership to 689,253 shares valued at approximately $136.49 million.
• Packaging Corporation of America reported a quarterly earnings per share of $2.48, exceeding analysts' expectations and showing a 4.7% year-over-year revenue increase to $2.17 billion.
• The company declared a quarterly dividend of $1.25 per share, with a payout ratio of 49.90%, reflecting a 2.3% annualized yield for investors.

Select Equity Group L.P. increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 114.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 689,253 shares of the industrial products company's stock after acquiring an additional 367,933 shares during the quarter. Select Equity Group L.P. owned about 0.77% of Packaging Corporation of America worth $136,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKG. Clearstead Trust LLC lifted its position in 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 worth $26,000 after buying an additional 70 shares during the last quarter. TCTC Holdings LLC lifted its position in Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after buying an additional 70 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Packaging Corporation of America in the first quarter worth $39,000. Banque Cantonale Vaudoise bought a new stake in Packaging Corporation of America in the first quarter worth $40,000. Finally, Manchester Capital Management LLC lifted its position in Packaging Corporation of America by 39.0% in the first 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 during the last quarter. Institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Down 0.6%

NYSE PKG traded down $1.28 during midday trading on Friday, hitting $215.75. 123,844 shares of the company traded hands, compared to its average volume of 848,308. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The company has a market cap of $19.41 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. The company's 50-day simple moving average is $204.67 and its 200-day simple moving average is $196.72. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

Wall Street Analysts Forecast Growth

PKG has been the topic of several research analyst reports. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price objective for the company from $245.00 to $205.00 in a research report on Monday, June 16th. UBS Group upped their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Truist Financial decreased their price target 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. Finally, Citigroup lifted their price target on shares of 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. 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.com, Packaging Corporation of America has an average rating of "Moderate Buy" and an average target price of $215.40.

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.