Voya Investment Management LLC Has $4.47 Million Position in Packaging Corporation of America $PKG

Voya Investment Management LLC cut its stake in shares of Packaging Corporation of America (NYSE:PKG) by 22.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,510 shares of the industrial products company’s stock after selling 5,796 shares during the period. Voya Investment Management LLC’s holdings in Packaging Corporation of America were worth $4,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new position in Packaging Corporation of America in the first quarter valued at about $2,127,000. Vise Technologies Inc. acquired a new position in shares of Packaging Corporation of America in the second quarter valued at approximately $1,306,000. Atlas FRM LLC raised its holdings in Packaging Corporation of America by 59.7% in the 2nd quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after buying an additional 200,000 shares during the last quarter. Arvest Bank Trust Division bought a new position in Packaging Corporation of America in the 2nd quarter valued at approximately $892,000. Finally, Sequoia Financial Advisors LLC boosted its position in Packaging Corporation of America by 151.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,843 shares of the industrial products company’s stock worth $913,000 after buying an additional 2,915 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the subject of several recent research reports. UBS Group upped their price target 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. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Wall Street Zen lowered Packaging Corporation of America from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Citigroup upped their price target 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. Finally, Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $230.67.

Packaging Corporation of America Price Performance

PKG stock opened at $207.33 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.52 and a beta of 0.89. The company’s fifty day simple moving average is $201.22 and its 200 day simple moving average is $203.14. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $242.68.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $2.65 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 15th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is currently 50.56%.

Packaging Corporation of America 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.