T. Rowe Price Investment Management Inc. Has $15.52 Million Stock Position in Packaging Corporation of America $PKG

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Packaging Corporation of America by 62.2%, holding 78,356 shares valued at approximately $15.52 million after selling 128,673 shares in the first quarter.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, with a total annualized dividend yield of 2.4%.
• Analyst ratings for Packaging Corporation of America reflect a mixed outlook, with a consensus rating of "Moderate Buy" and an average price target of $215.40.

T. Rowe Price Investment Management Inc. lowered its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 62.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,356 shares of the industrial products company's stock after selling 128,673 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.09% of Packaging Corporation of America worth $15,517,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC boosted its position 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 acquiring an additional 70 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of 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 in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC raised its stake 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. Institutional investors and hedge funds own 89.78% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on PKG shares. Citigroup upped their price target on shares of 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. Wells Fargo & Company upped 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 research report on Thursday, July 10th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. UBS Group upped 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 research report on Tuesday, July 29th. Finally, Truist Financial dropped 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 research report on Friday, July 25th. One equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Up 1.1%

PKG stock opened at $212.6010 on Monday. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.13 billion, a PE ratio of 21.22, a PEG ratio of 2.50 and a beta of 0.85. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The business's 50 day simple moving average is $197.84 and its 200 day simple moving average is $196.02.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates 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 was up 4.7% compared to the same quarter last year. During the same period in the previous 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, research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

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