Mitsubishi UFJ Asset Management Co. Ltd. Buys 17,912 Shares of Packaging Corporation of America $PKG

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Packaging Corporation of America (NYSE:PKG) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,374 shares of the industrial products company’s stock after buying an additional 17,912 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Packaging Corporation of America worth $32,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Clearstead Trust LLC grew its position in Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of Packaging Corporation of America by 86.4% in 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 in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America during the 2nd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on PKG shares. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective for the company. Truist Financial lifted their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Wall Street Zen downgraded shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $230.17.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $202.94 on Wednesday. The company’s fifty day simple moving average is $209.32 and its two-hundred day simple moving average is $200.83. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The firm has a market cap of $18.26 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. 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 (NYSE:PKG) last issued its quarterly earnings data 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 firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, equities analysts expect that Packaging Corporation of America will post 10.44 EPS 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 50.56%.

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.