Groupama Asset Managment Increases Stake in Packaging Corporation of America $PKG

Groupama Asset Managment grew its position in shares of Packaging Corporation of America (NYSE:PKG) by 81.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,167 shares of the industrial products company’s stock after buying an additional 2,323 shares during the quarter. Groupama Asset Managment’s holdings in Packaging Corporation of America were worth $1,010,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Clearstead Trust LLC grew its stake in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 70 shares during the period. TCTC Holdings LLC grew its stake in shares of Packaging Corporation of America by 86.4% during the 1st 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. Alpine Bank Wealth Management acquired a new position in shares of Packaging Corporation of America during the 1st quarter worth $39,000. Banque Cantonale Vaudoise acquired a new position in shares of Packaging Corporation of America during the 1st quarter worth $40,000. Finally, Manchester Capital Management LLC grew its stake in shares of Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of 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. Jefferies Financial Group cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and lowered their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company upped their price target on shares of 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. UBS Group upped their price target on shares of 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, Citigroup upped their price target on shares of 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. One equities research 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 data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $215.40.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $198.0920 on Thursday. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.33 and a beta of 0.85. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The company’s 50-day moving average price is $197.01 and its 200 day moving average price is $196.22. 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 (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company 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 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio 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.