UniSuper Management Pty Ltd Acquires 19,667 Shares of Packaging Corporation of America $PKG

Key Points

• UniSuper Management Pty Ltd has increased its holdings in Packaging Corporation of America by 188.0%, acquiring an additional 19,667 shares, bringing its total to 30,129 shares valued at approximately $5.97 million.
• Several institutional investors have also boosted their stakes in Packaging Corporation of America, with notable increases from Price T Rowe Associates and JPMorgan Chase & Co., reflecting strong interest in the stock.
• Packaging Corporation of America reported earnings of $2.48 per share for its last quarter, exceeding analysts' expectations, and is guiding for a Q3 earnings per share of $2.80.

UniSuper Management Pty Ltd increased its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 188.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,129 shares of the industrial products company's stock after buying an additional 19,667 shares during the period. UniSuper Management Pty Ltd's holdings in Packaging Corporation of America were worth $5,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PKG. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $468,045,000 after buying an additional 1,229,219 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 worth $601,755,000 after buying an additional 964,085 shares during the period. GAMMA Investing LLC boosted its holdings in Packaging Corporation of America by 25,461.0% in the 1st quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock worth $123,047,000 after buying an additional 618,956 shares during the period. Select Equity Group L.P. boosted its holdings in Packaging Corporation of America by 114.5% in the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock worth $136,486,000 after buying an additional 367,933 shares during the period. Finally, Nuveen LLC bought a new position in Packaging Corporation of America in the 1st quarter worth approximately $66,091,000. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock opened at $220.20 on Monday. The firm's fifty day moving average price is $203.36 and its 200-day moving average price is $196.37. 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 has a market cap of $19.81 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share 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. Stockholders of record on Monday, September 15th will be given a dividend of $1.25 per share. The ex-dividend date 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 49.90%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Truist Financial cut 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 report on Friday, July 25th. Citigroup raised 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 report on Friday, July 25th. UBS Group raised their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price target for the company from $245.00 to $205.00 in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently 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.

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