Parallel Advisors LLC Sells 51 Shares of Packaging Corporation of America $PKG

Parallel Advisors LLC cut its stake in Packaging Corporation of America (NYSE:PKG) by 8.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 570 shares of the industrial products company’s stock after selling 51 shares during the quarter. Parallel Advisors LLC’s holdings in Packaging Corporation of America were worth $107,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Manchester Capital Management LLC increased its stake in shares of 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 worth $40,000 after acquiring an additional 57 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Packaging Corporation of America by 40.4% in the 1st 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 in the last quarter. Cary Street Partners Financial LLC increased its stake in shares of 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 worth $1,735,000 after acquiring an additional 59 shares in the last quarter. Horizon Investments LLC increased its stake in shares of 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 worth $256,000 after acquiring an additional 59 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of 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 worth $77,000 after acquiring an additional 66 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $215.18 on Thursday. The firm’s 50-day moving average price is $206.44 and its 200-day moving average price is $197.00. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.36 billion, a PE ratio of 21.48, a PEG ratio of 1.86 and a beta of 0.87. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 49.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PKG. Truist Financial increased their price target on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Citigroup raised their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company raised their price objective on shares of 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. Finally, UBS Group raised their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.83.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

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.