Sumitomo Mitsui DS Asset Management Company Ltd Has $2.07 Million Stake in Packaging Corporation of America $PKG

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Packaging Corporation of America (NYSE:PKG) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,976 shares of the industrial products company’s stock after buying an additional 341 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Packaging Corporation of America were worth $2,068,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Packaging Corporation of America by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after buying an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after buying an additional 964,085 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Packaging Corporation of America by 108.4% in the 1st 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 buying an additional 1,229,219 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Packaging Corporation of America by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after buying an additional 47,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Packaging Corporation of America by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after buying an additional 60,710 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PKG. Truist Financial boosted their price target on Packaging Corporation of America from $238.00 to $262.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Wells Fargo & Company boosted 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. Citigroup boosted 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. UBS Group boosted 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. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.20.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, the chief executive officer 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 transaction 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 Trading Down 1.3%

PKG stock opened at $211.28 on Monday. The company has a market cap of $19.01 billion, a P/E ratio of 21.09, a PEG ratio of 1.84 and a beta of 0.87. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $205.71 and a 200-day moving average of $196.72.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping 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 20.08% and a net margin of 10.47%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given 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 2.4%. Packaging Corporation of America’s payout ratio is presently 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.