Packaging Corporation of America $PKG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,369 shares of the industrial products company’s stock after selling 443 shares during the period. Public Employees Retirement System of Ohio’s holdings in Packaging Corporation of America were worth $5,911,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Clearstead Trust LLC boosted its stake in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC increased its stake 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 worth $30,000 after purchasing an additional 70 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the 1st quarter worth about $39,000. Finally, Geneos Wealth Management Inc. lifted its stake in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of 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 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 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 target price for the company from $245.00 to $205.00 in a report on Monday, June 16th. JPMorgan Chase & Co. started coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price target on the stock. Finally, Citigroup increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $223.83.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America 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 $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Price Performance

NYSE PKG opened at $215.93 on Monday. 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 stock has a market capitalization of $19.43 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The company has a 50 day moving average price of $206.97 and a two-hundred day moving average price of $197.26.

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, beating analysts’ consensus estimates of $2.44 by $0.04. The business 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%. Packaging Corporation of America’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 EPS. 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 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

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

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.