Packaging Corp of AmericaPKG
Market Cap: $18.1B
About: Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
Employees: 14,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
258% more call options, than puts
Call options by funds: $58.4M | Put options by funds: $16.3M
7% more repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 269
0.27% more ownership
Funds ownership: 89.15% [Q1] → 89.42% (+0.27%) [Q2]
1% less funds holding
Funds holding: 758 [Q1] → 752 (-6) [Q2]
3% less capital invested
Capital invested by funds: $15.2B [Q1] → $14.7B (-$498M) [Q2]
8% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 78
44% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 7%upside $215 | Overweight Maintained | 25 Jul 2024 |
Truist Securities Michael Roxland 70% 1-year accuracy 33 / 47 met price target | 9%upside $219 | Buy Maintained | 25 Jul 2024 |
Truist Securities Michael Roxland 70% 1-year accuracy 33 / 47 met price target | 7%upside $215 | Buy Maintained | 16 Jul 2024 |
Wells Fargo Gabe Hajde 58% 1-year accuracy 19 / 33 met price target | 4%downside $194 | Overweight Maintained | 10 Jul 2024 |
Citigroup Anthony Pettinari 62% 1-year accuracy 34 / 55 met price target | 7%downside $187 | Neutral Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 5 articles about PKG published over the past 30 days