Strs Ohio Buys New Stake in Packaging Corporation of America $PKG

Key Points

• Strs Ohio has acquired a stake of 51,127 shares in Packaging Corporation of America, valued at approximately $10.12 million, increasing its ownership to about 0.06% of the company.
• Packaging Corporation of America reported an EPS of $2.48 for the last quarter, exceeding estimates, and has set a Q3 2025 guidance of 2.800 EPS.
• The company announced a quarterly dividend of $1.25 per share, which translates to an annualized dividend of $5.00 and a yield of 2.3%.

Strs Ohio bought a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 51,127 shares of the industrial products company's stock, valued at approximately $10,124,000. Strs Ohio owned 0.06% of Packaging Corporation of America as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKG. Price T Rowe Associates Inc. MD boosted its stake in shares of Packaging Corporation of America by 108.4% during the first 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 purchasing an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Packaging Corporation of America by 25,461.0% during the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock valued at $123,047,000 after purchasing an additional 618,956 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock valued at $136,486,000 after purchasing an additional 367,933 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Packaging Corporation of America during the first quarter valued at approximately $66,091,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PKG. Citigroup increased their price objective 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. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial cut their price target on shares of 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 lifted their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company lifted their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG traded down $0.22 during trading hours on Tuesday, reaching $211.59. 636,154 shares of the company traded hands, compared to its average volume of 848,768. The stock has a market capitalization of $19.04 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.88 and a beta of 0.87. 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 business has a fifty day moving average price of $205.14 and a 200-day moving average price of $196.52.

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

Packaging Corporation of America Dividend Announcement

The business 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. 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 2.4%. Packaging Corporation of America's payout ratio is 49.90%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares of the company's stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

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.