Y Intercept Hong Kong Ltd Grows Position in Packaging Corporation of America $PKG

Y Intercept Hong Kong Ltd boosted its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 17.3% during the second quarter, Holdings Channel.com reports. The firm owned 13,847 shares of the industrial products company’s stock after acquiring an additional 2,046 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Packaging Corporation of America were worth $2,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PKG. Price T Rowe Associates Inc. MD raised its stake in Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after purchasing an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. Select Equity Group L.P. raised its stake in Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock valued at $136,486,000 after purchasing an additional 367,933 shares in the last quarter. Nuveen LLC purchased a new stake in Packaging Corporation of America during the first quarter valued at $66,091,000. Finally, Assenagon Asset Management S.A. raised its stake in Packaging Corporation of America by 377.1% during the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock valued at $49,412,000 after purchasing an additional 207,244 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.3%

PKG stock opened at $196.15 on Friday. 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 twelve month low of $172.71 and a twelve month high of $250.82. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The firm’s fifty day simple moving average is $211.86 and its two-hundred day simple moving average is $199.96.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.

Analysts Set New Price Targets

PKG has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Truist Financial upped their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a research report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price objective on the stock. Citigroup boosted their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, UBS Group boosted their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Hold” and an average target price of $230.17.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America 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.