Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Packaging Corporation of America $PKG

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Packaging Corporation of America (NYSE:PKG) by 11.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 173,374 shares of the industrial products company’s stock after acquiring an additional 17,912 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Packaging Corporation of America were worth $32,672,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PKG. Clearstead Trust LLC raised its position in shares of 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 worth $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares in the last quarter. TCTC Holdings LLC grew its stake 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. Trust Co. of Toledo NA OH bought a new position in Packaging Corporation of America in the second quarter worth $33,000. Finally, Geneos Wealth Management Inc. lifted its position in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PKG has been the topic of a number of recent research reports. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen cut shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company lifted their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Truist Financial upped their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Citigroup raised their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $230.17.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 437,378 shares in the company, valued at $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Packaging Corporation of America Stock Performance

PKG stock opened at $202.94 on Wednesday. The stock’s 50 day simple moving average is $209.32 and its 200 day simple moving average is $200.83. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The stock has a market capitalization of $18.26 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92.

Packaging Corporation of America (NYSE:PKG) last posted its 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 business 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 firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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

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.