XTX Topco Ltd Acquires 10,269 Shares of Packaging Corporation of America (NYSE:PKG)

Key Points

• XTX Topco Ltd increased its ownership in Packaging Corporation of America (NYSE:PKG) by 130.9%, acquiring an additional 10,269 shares, bringing their total stake to 18,113 shares worth approximately $3.59 million.
• Various institutional investors have shown growing interest, with GAMMA Investing LLC significantly increasing its stake by over 25,461%, now holding 621,387 shares valued at $123 million.
• Wall Street analysts have mixed ratings for PKG, with a consensus target price of $213.40, reflecting a range of opinions from "buy" to "hold" ratings across different brokerages.

XTX Topco Ltd increased its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 130.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 18,113 shares of the industrial products company's stock after buying an additional 10,269 shares during the quarter. XTX Topco Ltd's holdings in Packaging Corporation of America were worth $3,587,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Distillate Capital Partners LLC bought a new stake in Packaging Corporation of America in the 4th quarter worth about $15,828,000. Korea Investment CORP increased its holdings in Packaging Corporation of America by 96.0% in the 4th quarter. Korea Investment CORP now owns 71,004 shares of the industrial products company's stock worth $15,985,000 after buying an additional 34,784 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Packaging Corporation of America during the 1st quarter valued at about $309,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Packaging Corporation of America by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after purchasing an additional 1,531 shares during the period. Finally, Brookstone Capital Management grew its stake in shares of Packaging Corporation of America by 718.0% during the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after purchasing an additional 8,853 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG traded down $4.33 during mid-day trading on Wednesday, reaching $198.73. 944,857 shares of the company traded hands, compared to its average volume of 641,753. The company's 50 day moving average price is $196.46 and its 200-day moving average price is $200.07. The firm has a market cap of $17.88 billion, a PE ratio of 19.83, a PEG ratio of 2.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.28 and a quick ratio of 2.15. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.36% and a net margin of 10.47%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $5.00 annualized dividend and a yield of 2.52%. Packaging Corporation of America's payout ratio is 49.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. 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 research note on Friday, July 25th. Wells Fargo & Company boosted their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Jefferies Financial Group downgraded 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 research note on Monday, June 16th. Wall Street Zen downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, 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 research note on Tuesday. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Hold" and a consensus price target of $215.40.

About Packaging Corporation of America

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.