Packaging Corporation of America $PKG Shares Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP increased its ownership of Packaging Corporation of America (NYSE:PKG) by 166.8% in the first quarter, holding 147,907 shares worth approximately $29.29 million.
• The company reported a quarterly EPS of $2.48, exceeding analyst estimates, with revenue of $2.17 billion, reflecting a 4.7% year-over-year increase.
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, which will be paid on October 15th, representing a yield of 2.3%.

Woodline Partners LP raised its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 166.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 147,907 shares of the industrial products company's stock after acquiring an additional 92,479 shares during the period. Woodline Partners LP owned 0.16% of Packaging Corporation of America worth $29,289,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC raised its holdings in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. TCTC Holdings LLC raised its holdings in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 70 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Packaging Corporation of America in the 1st quarter valued at $39,000. 1 North Wealth Services LLC acquired a new position in Packaging Corporation of America in the 1st quarter valued at $40,000. Finally, Banque Cantonale Vaudoise acquired a new position in Packaging Corporation of America in the 1st quarter valued at $40,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PKG has been the subject of several analyst reports. UBS Group boosted their price target on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Citigroup boosted their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company upped their price objective 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 downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Finally, Truist Financial dropped their price objective on 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. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $215.40.

Packaging Corporation of America Trading Down 0.8%

Shares of PKG stock traded down $1.70 on Friday, reaching $215.33. 471,233 shares of the stock were exchanged, compared to its average volume of 853,098. The stock has a market cap of $19.38 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.89 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. The firm has a 50 day moving average of $204.93 and a two-hundred day moving average of $196.74. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $2.20 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

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