Woodline Partners LP Increases Stock Position in Packaging Corporation of America $PKG

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 lifted its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 166.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,907 shares of the industrial products company's stock after buying an additional 92,479 shares during the quarter. Woodline Partners LP owned about 0.16% of Packaging Corporation of America worth $29,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clearstead Trust LLC grew its holdings 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 purchasing an additional 70 shares during the period. TCTC Holdings LLC grew its holdings 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 purchasing an additional 70 shares during the period. Alpine Bank Wealth Management purchased a new stake in Packaging Corporation of America in the first quarter worth about $39,000. 1 North Wealth Services LLC purchased a new stake in Packaging Corporation of America in the first quarter worth about $40,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Packaging Corporation of America in the first quarter worth about $40,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

PKG traded down $0.64 during trading on Monday, hitting $213.26. The company's stock had a trading volume of 120,275 shares, compared to its average volume of 846,127. 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 one year low of $172.71 and a one year high of $250.82. The firm has a market cap of $19.19 billion, a PE ratio of 21.27, a P/E/G ratio of 1.88 and a beta of 0.87. The business's 50 day simple moving average is $204.93 and its 200-day simple moving average is $196.53.

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

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's payout ratio is 49.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PKG shares. Truist Financial cut their price objective 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. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their target price for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. UBS Group upped their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, Citigroup upped their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.