Banco Bilbao Vizcaya Argentaria S.A. Buys 709 Shares of Packaging Corporation of America $PKG

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Packaging Corporation of America (NYSE:PKG) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,899 shares of the industrial products company’s stock after acquiring an additional 709 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Packaging Corporation of America were worth $3,742,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Clearstead Trust LLC raised its stake in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $39,000. Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $40,000. Finally, Manchester Capital Management LLC raised its stake in shares of Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $198.0920 on Thursday. 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 stock’s fifty day moving average price is $197.01 and its two-hundred day moving average price is $196.22. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.33 and a beta of 0.85.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.Packaging Corporation of America’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PKG. Citigroup upped their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Truist Financial dropped their price target on Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. UBS Group increased their price target on Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group cut Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.40.

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.