Woodline Partners LP Grows Stock Holdings in Packaging Corporation of America $PKG

Woodline Partners LP increased its stake in shares of Packaging Corporation of America (NYSE:PKG) by 166.8% in the 1st quarter, Holdings Channel reports. The firm owned 147,907 shares of the industrial products company’s stock after buying an additional 92,479 shares during the period. Woodline Partners LP’s holdings in Packaging Corporation of America were worth $29,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clearstead Trust LLC increased its holdings in Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after buying an additional 70 shares during the last quarter. TCTC Holdings LLC increased its holdings in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Packaging Corporation of America during the first quarter valued at approximately $39,000. Banque Cantonale Vaudoise purchased a new stake in Packaging Corporation of America during the first quarter valued at approximately $40,000. Finally, Manchester Capital Management LLC increased its holdings in Packaging Corporation of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PKG. Truist Financial reduced their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating for the company in a report on Friday, July 25th. Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. UBS Group increased 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 note on Tuesday, July 29th. Citigroup increased their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and an average price target of $215.40.

Packaging Corporation of America Stock Performance

PKG opened at $214.18 on Wednesday. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.88 and a beta of 0.87. The company has a fifty day moving average of $204.14 and a 200 day moving average of $196.55. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company posted $2.20 earnings per share. Packaging Corporation of America’s quarterly revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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 issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

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.