Focus Partners Wealth Buys 171 Shares of Packaging Corporation of America $PKG

Focus Partners Wealth boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,867 shares of the industrial products company’s stock after purchasing an additional 171 shares during the quarter. Focus Partners Wealth’s holdings in Packaging Corporation of America were worth $1,558,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Manchester Capital Management LLC grew its position in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 57 shares during the period. Cary Street Partners Financial LLC grew its position in Packaging Corporation of America by 0.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock valued at $1,735,000 after purchasing an additional 59 shares during the period. Horizon Investments LLC grew its position in Packaging Corporation of America by 4.8% in the 1st quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 59 shares during the period. Exchange Traded Concepts LLC grew its position in Packaging Corporation of America by 20.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 66 shares during the period. Finally, TCTC Holdings LLC grew its position in Packaging Corporation of America by 86.4% in the 1st 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 period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.1%

Shares of PKG opened at $211.59 on Wednesday. The firm’s 50 day simple moving average is $205.31 and its 200 day simple moving average is $196.62. The company has a market capitalization of $19.04 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating 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 business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 49.90%.

Analysts Set New Price Targets

PKG has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and cut their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Citigroup lifted their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Truist Financial cut 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 report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.40.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

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.