MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $5.04 Million Holdings in Packaging Corporation of America $PKG

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Packaging Corporation of America (NYSE:PKG) by 165.6% during the first quarter, Holdings Channel.com reports. The firm owned 25,469 shares of the industrial products company’s stock after acquiring an additional 15,878 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Packaging Corporation of America were worth $5,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC raised its holdings in shares of 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 valued at $26,000 after purchasing an additional 70 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $39,000. 1 North Wealth Services LLC acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $40,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $40,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 2.0%

PKG stock opened at $217.38 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The company has a fifty day moving average price of $204.67 and a two-hundred day moving average price of $196.72. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the business posted $2.20 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio is 49.90%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Truist Financial dropped 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. Citigroup upped their price target 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. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Wells Fargo & Company upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.40.

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.