BI Asset Management Fondsmaeglerselskab A S Has $562,000 Holdings in Packaging Corporation of America $PKG

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Packaging Corporation of America (NYSE:PKG) by 48.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,836 shares of the industrial products company’s stock after selling 2,616 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Packaging Corporation of America were worth $562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after buying an additional 964,085 shares in the last quarter. GAMMA Investing LLC lifted its stake in Packaging Corporation of America by 25,461.0% in the 1st quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company’s stock valued at $123,047,000 after acquiring an additional 618,956 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Packaging Corporation of America by 106.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 848,395 shares of the industrial products company’s stock worth $190,999,000 after acquiring an additional 438,012 shares during the last quarter. Nuveen LLC bought a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $66,091,000. Finally, Select Equity Group L.P. bought a new position in shares of Packaging Corporation of America during the 4th quarter worth approximately $72,339,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $212.6010 on Friday. The stock has a market cap of $19.13 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.50 and a beta of 0.85. 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 company has a fifty day moving average price of $197.84 and a two-hundred day moving average price of $196.13. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data 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. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $2.20 EPS. Packaging Corporation of America’s revenue for the quarter was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Citigroup boosted 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 report on Friday, July 25th. Wells Fargo & Company increased their price objective 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. Truist Financial lowered their target price on Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, Jefferies Financial Group lowered Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.40.

Packaging Corporation of America Company Profile

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.