Voya Investment Management LLC Has $4.47 Million Stock Holdings in Packaging Corporation of America $PKG

Voya Investment Management LLC lowered its stake in Packaging Corporation of America (NYSE:PKG) by 22.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,510 shares of the industrial products company’s stock after selling 5,796 shares during the period. Voya Investment Management LLC’s holdings in Packaging Corporation of America were worth $4,470,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC grew its position in shares of Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. boosted its stake in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the period. 1 North Wealth Services LLC acquired a new position in Packaging Corporation of America in the 1st quarter valued at $40,000. Finally, Global Wealth Strategies & Associates bought a new position in Packaging Corporation of America during the 3rd quarter worth $44,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

PKG stock opened at $207.33 on Friday. The company’s 50-day moving average price is $201.22 and its two-hundred day moving average price is $203.14. The firm has a market cap of $18.66 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.52 and a beta of 0.89. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $242.68.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business posted $2.65 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America’s payout ratio is 50.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on PKG. Zacks Research downgraded shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday. Citigroup raised their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. UBS Group lifted their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Hold” and an average price target of $230.67.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.