Farther Finance Advisors LLC Sells 73 Shares of Packaging Corporation of America $PKG

Farther Finance Advisors LLC reduced its stake in Packaging Corporation of America (NYSE:PKG) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 951 shares of the industrial products company’s stock after selling 73 shares during the period. Farther Finance Advisors LLC’s holdings in Packaging Corporation of America were worth $179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PKG. Price T Rowe Associates Inc. MD increased its holdings in Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after buying an additional 964,085 shares in the last quarter. Select Equity Group L.P. grew its stake in shares of Packaging Corporation of America by 114.5% in the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after buying an additional 367,933 shares in the last quarter. Nuveen LLC purchased a new position in shares of Packaging Corporation of America in the 1st quarter worth $66,091,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Packaging Corporation of America by 377.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $215.06 on Thursday. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.86 and a beta of 0.91. 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. The firm has a 50-day moving average of $207.70 and a two-hundred day moving average of $197.66.

Packaging Corporation of America (NYSE:PKG) last released 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 company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business 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 $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio is 49.90%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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 note on Tuesday, July 29th. Wells Fargo & Company lifted their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Citigroup lifted their price target on shares of 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. Truist Financial lifted 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. Finally, JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price target for the company. Two analysts have 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $223.83.

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.