Mitsubishi UFJ Trust & Banking Corp Cuts Position in Packaging Corporation of America $PKG

Mitsubishi UFJ Trust & Banking Corp lessened its position in Packaging Corporation of America (NYSE:PKG) by 32.4% during the second quarter, Holdings Channel reports. The fund owned 42,848 shares of the industrial products company’s stock after selling 20,571 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Packaging Corporation of America were worth $8,075,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Packaging Corporation of America by 108.4% in the 1st 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 purchasing an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $601,755,000 after buying an additional 964,085 shares in the last quarter. Select Equity Group L.P. lifted its position in 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 worth $136,486,000 after buying an additional 367,933 shares during the last quarter. Nuveen LLC purchased a new stake in Packaging Corporation of America in the first quarter worth approximately $66,091,000. Finally, Assenagon Asset Management S.A. boosted its stake in Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.8%

NYSE:PKG opened at $197.55 on Monday. The firm has a market capitalization of $17.78 billion, a P/E ratio of 19.97, a P/E/G 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. The company has a fifty day moving average of $208.27 and a 200 day moving average of $201.10. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82.

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

Packaging Corporation of America Dividend Announcement

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

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company’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 completion of the transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Wall Street Zen lowered shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Citigroup raised their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.17.

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.