Packaging Corporation of America $PKG Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its position in Packaging Corporation of America (NYSE:PKG) by 35.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,115 shares of the industrial products company’s stock after selling 3,312 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Packaging Corporation of America were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at about $225,478,000. American Century Companies Inc. grew its stake in Packaging Corporation of America by 70.6% during the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after acquiring an additional 769,806 shares in the last quarter. Select Equity Group L.P. grew its stake in Packaging Corporation of America by 114.5% during the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock valued at $136,486,000 after acquiring an additional 367,933 shares in the last quarter. AQR Capital Management LLC raised its holdings in Packaging Corporation of America by 56.4% in the 2nd quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after acquiring an additional 320,418 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Packaging Corporation of America by 377.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $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 Stock Performance

NYSE PKG opened at $207.33 on Thursday. The stock has a fifty day simple moving average of $201.18 and a 200-day simple moving average of $203.11. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The stock has a market cap of $18.65 billion, a PE ratio of 20.96, a P/E/G ratio of 1.52 and a beta of 0.89. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $242.68.

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). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $2.65 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 15th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PKG. UBS Group upped their price target on 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. Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Wells Fargo & Company raised their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Citigroup upped 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 report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $230.67.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.