Sumitomo Mitsui Trust Group Inc. Has $53.68 Million Stake in Packaging Corporation of America $PKG

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 246,301 shares of the industrial products company’s stock after selling 7,462 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Packaging Corporation of America worth $53,676,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC grew its holdings in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its stake in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in Packaging Corporation of America during the third quarter worth $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Packaging Corporation of America during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. UBS Group lifted their target price on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company upgraded Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $222.00 to $233.00 in a research note on Tuesday, January 6th. Truist Financial upped their price target on Packaging Corporation of America from $263.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Citigroup decreased their price objective on Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.17.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $221.67 on Friday. The business’s fifty day moving average price is $204.31 and its two-hundred day moving average price is $205.52. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $242.68. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88. 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 (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 company 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 company earned $2.65 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 50.56%.

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.