Sumitomo Mitsui Trust Group Inc. Has $47.82 Million Stake in Packaging Corporation of America $PKG

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Packaging Corporation of America (NYSE:PKG) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 253,763 shares of the industrial products company’s stock after buying an additional 3,566 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Packaging Corporation of America were worth $47,822,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Packaging Corporation of America by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock worth $648,061,000 after buying an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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. Price T Rowe Associates Inc. MD grew its position in Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after buying an additional 1,229,219 shares in the last quarter. Ameriprise Financial Inc. grew its position in Packaging Corporation of America by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock worth $377,347,000 after buying an additional 47,558 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Packaging Corporation of America by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock worth $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.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Up 0.9%

Shares of NYSE:PKG opened at $206.68 on Tuesday. The firm has a market cap of $18.60 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The business has a fifty day simple moving average of $212.01 and a 200 day simple moving average of $199.80.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business earned $2.65 earnings per share. The firm’s revenue for the quarter 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. Analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

PKG has been the topic of a number of analyst reports. Citigroup increased their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. assumed coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price on the stock. UBS Group raised their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Finally, Wells Fargo & Company raised their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus price target of $230.17.

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.