Focus Financial Network Inc. Grows Position in Packaging Corporation of America $PKG

Focus Financial Network Inc. lifted its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,884 shares of the industrial products company’s stock after purchasing an additional 73 shares during the quarter. Focus Financial Network Inc.’s holdings in Packaging Corporation of America were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PKG. Lazard Asset Management LLC grew its holdings in shares of Packaging Corporation of America by 1,033.3% during the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 186 shares during the period. Vident Advisory LLC grew its holdings in shares of Packaging Corporation of America by 4.9% during the 4th quarter. Vident Advisory LLC now owns 3,559 shares of the industrial products company’s stock worth $801,000 after purchasing an additional 167 shares during the period. Vise Technologies Inc. grew its holdings in shares of Packaging Corporation of America by 111.2% during the 4th quarter. Vise Technologies Inc. now owns 2,315 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 1,219 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Packaging Corporation of America during the 4th quarter worth $238,000. Finally, Toronto Dominion Bank grew its holdings in shares of Packaging Corporation of America by 8.3% during the 4th quarter. Toronto Dominion Bank now owns 47,789 shares of the industrial products company’s stock worth $10,759,000 after purchasing an additional 3,667 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PKG. Truist Financial raised their target price on Packaging Corporation of America from $238.00 to $262.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company raised their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. 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 report on Tuesday, July 29th. Jefferies Financial Group lowered Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their price target for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Citigroup increased their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.20.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $211.28 on Friday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market cap of $19.01 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.87. The business has a fifty day moving average of $205.71 and a 200-day moving average of $196.76. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

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

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio is 49.90%.

About Packaging Corporation of America

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.