CacheTech Inc. Reduces Stock Holdings in Packaging Corporation of America $PKG

CacheTech Inc. decreased its position in shares of Packaging Corporation of America (NYSE:PKG) by 63.6% during the second quarter, HoldingsChannel reports. The fund owned 1,708 shares of the industrial products company’s stock after selling 2,979 shares during the quarter. CacheTech Inc.’s holdings in Packaging Corporation of America were worth $322,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. purchased a new position in Packaging Corporation of America during the first quarter valued at approximately $2,127,000. Vise Technologies Inc. bought a new position in Packaging Corporation of America in the second quarter worth about $1,306,000. Atlas FRM LLC lifted its position in shares of Packaging Corporation of America by 59.7% during the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after buying an additional 200,000 shares during the last quarter. Arvest Bank Trust Division bought a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at about $892,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Packaging Corporation of America by 151.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,843 shares of the industrial products company’s stock valued at $913,000 after purchasing an additional 2,915 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG opened at $204.76 on Monday. The firm has a fifty day moving average price of $202.08 and a 200 day moving average price of $202.56. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $242.68. The stock has a market cap of $18.42 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share 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 analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PKG. Zacks Research lowered Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 8th. UBS Group lifted their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Wells Fargo & Company upped their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Hold” and a consensus target price of $230.67.

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.