Andra AP fonden Has $17.68 Million Holdings in Packaging Corporation of America $PKG

Andra AP fonden boosted its stake in Packaging Corporation of America (NYSE:PKG) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,800 shares of the industrial products company’s stock after buying an additional 14,100 shares during the quarter. Andra AP fonden owned approximately 0.10% of Packaging Corporation of America worth $17,677,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC boosted its stake in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares in the last quarter. TCTC Holdings LLC lifted its holdings in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Packaging Corporation of America in the second quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. grew 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 worth $39,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Packaging Corporation of America Stock Down 0.5%

Shares of NYSE PKG opened at $198.17 on Friday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The firm’s 50-day moving average is $210.29 and its 200-day moving average is $200.28. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $17.83 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm earned $2.65 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is 50.56%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PKG. Wells Fargo & Company lifted their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price target for the company. Citigroup boosted their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Zacks Research cut Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Truist Financial lifted their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $230.17.

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.