Intech Investment Management LLC Increases Holdings in Packaging Corporation of America $PKG

Intech Investment Management LLC grew its holdings in Packaging Corporation of America (NYSE:PKG) by 100.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,205 shares of the industrial products company’s stock after acquiring an additional 7,102 shares during the period. Intech Investment Management LLC’s holdings in Packaging Corporation of America were worth $2,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Packaging Corporation of America in the first quarter worth about $2,127,000. Sowell Financial Services LLC bought a new position in shares of Packaging Corporation of America during the first quarter valued at approximately $309,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Packaging Corporation of America by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company’s stock valued at $5,671,000 after buying an additional 1,531 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Packaging Corporation of America by 718.0% during the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company’s stock valued at $1,997,000 after buying an additional 8,853 shares during the last quarter. Finally, First United Bank & Trust bought a new position in Packaging Corporation of America in the first quarter worth approximately $289,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PKG has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on 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. Truist Financial dropped their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. UBS Group increased their price objective on 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. Citigroup increased their price objective on 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. Finally, Jefferies Financial Group cut 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 research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus target price of $215.40.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $215.33 on Monday. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The business has a fifty day moving average of $204.93 and a 200 day moving average of $196.53. 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) last announced 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. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, research analysts expect 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 will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 49.90%.

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.