Resona Asset Management Co. Ltd. Raises Holdings in Packaging Corporation of America $PKG

Resona Asset Management Co. Ltd. raised its stake in Packaging Corporation of America (NYSE:PKG) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,196 shares of the industrial products company’s stock after purchasing an additional 1,215 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Packaging Corporation of America were worth $5,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in shares of 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 during the period. JPMorgan Chase & Co. grew its holdings in Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after acquiring an additional 964,085 shares in the last quarter. Select Equity Group L.P. increased its position in shares of Packaging Corporation of America by 114.5% in 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 purchasing an additional 367,933 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Packaging Corporation of America in the 1st quarter valued at $66,091,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $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.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

PKG has been the topic of several recent analyst reports. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group lifted their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective on the stock. 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 report on Tuesday, October 7th. Finally, Wall Street Zen cut Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average target price of $230.17.

Packaging Corporation of America Price Performance

PKG stock opened at $200.51 on Monday. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $18.04 billion, a P/E ratio of 20.27, a PEG ratio of 1.44 and a beta of 0.92. The business has a 50 day simple moving average of $209.94 and a 200-day simple moving average of $200.62. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s payout ratio is 50.56%.

Packaging Corporation of America 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.