Wealth Enhancement Advisory Services LLC Reduces Stock Position in Packaging Corporation of America $PKG

Wealth Enhancement Advisory Services LLC cut its holdings in Packaging Corporation of America (NYSE:PKG) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,694 shares of the industrial products company’s stock after selling 945 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Packaging Corporation of America were worth $5,602,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft acquired a new position in Packaging Corporation of America in the second quarter valued at approximately $371,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Packaging Corporation of America by 3.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,976 shares of the industrial products company’s stock valued at $2,068,000 after acquiring an additional 341 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in Packaging Corporation of America by 2.6% in the second quarter. Focus Financial Network Inc. now owns 2,884 shares of the industrial products company’s stock valued at $543,000 after acquiring an additional 73 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Packaging Corporation of America by 43.6% in the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 537 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a report on Wednesday. They issued an “overweight” rating and a $242.00 price objective on the stock. UBS Group upped their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Truist Financial upped their price target on 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 upped their price target 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. Finally, Jefferies Financial Group cut Packaging Corporation of America from a “buy” rating to a “hold” rating and decreased their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $223.83.

Packaging Corporation of America Stock Up 0.7%

Shares of NYSE PKG opened at $215.18 on Thursday. The stock has a market cap of $19.36 billion, a P/E ratio of 21.48, a PEG ratio of 1.86 and a beta of 0.87. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The business’s fifty day simple moving average is $206.44 and its 200-day simple moving average is $197.00.

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

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 49.90%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the 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 sale, the chief executive officer directly owned 437,378 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.