Nissay Asset Management Corp Japan ADV Raises Stake in Packaging Corporation of America $PKG

by · The Markets Daily

Nissay Asset Management Corp Japan ADV lifted its position in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,129 shares of the industrial products company’s stock after buying an additional 272 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Packaging Corporation of America were worth $2,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Packaging Corporation of America by 165.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,469 shares of the industrial products company’s stock worth $5,043,000 after buying an additional 15,878 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Packaging Corporation of America in the first quarter worth approximately $2,127,000. Gotham Asset Management LLC boosted its position in shares of Packaging Corporation of America by 41.9% in the first quarter. Gotham Asset Management LLC now owns 79,038 shares of the industrial products company’s stock worth $15,651,000 after acquiring an additional 23,343 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its position in shares of Packaging Corporation of America by 3.9% in the first quarter. Boothbay Fund Management LLC now owns 46,784 shares of the industrial products company’s stock worth $9,264,000 after acquiring an additional 1,753 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Down 1.8%

Shares of PKG stock opened at $216.23 on Tuesday. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. 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 fifty-two week low of $172.71 and a fifty-two week high of $250.82. The firm’s 50 day moving average price is $203.91 and its two-hundred day moving average price is $196.43.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company posted $2.20 earnings per share. Packaging Corporation of America’s revenue 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. On average, analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio is presently 49.90%.

Analyst Ratings Changes

Several research firms recently issued reports on PKG. Wells Fargo & Company raised their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Jefferies Financial Group cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and decreased their target price for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup raised their target price 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. UBS Group lifted their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Truist Financial reduced 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 report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given 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.

Get Our Latest Research Report on Packaging Corporation of America

About Packaging Corporation of America

(Free Report)

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.

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