Allworth Financial LP Acquires 523 Shares of Packaging Corporation of America $PKG

Allworth Financial LP boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 98.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,055 shares of the industrial products company’s stock after buying an additional 523 shares during the period. Allworth Financial LP’s holdings in Packaging Corporation of America were worth $199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC lifted its holdings 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 worth $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC boosted 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 worth $26,000 after acquiring an additional 57 shares in the last quarter. TCTC Holdings LLC increased its stake 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Packaging Corporation of America in the second quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. boosted its holdings 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 valued at $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America 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 transaction of $5,399,250.00. Following the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PKG. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Citigroup increased their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. UBS Group raised their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wall Street Zen lowered Packaging Corporation of America from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $230.17.

Packaging Corporation of America Trading Down 0.1%

NYSE PKG opened at $196.45 on Wednesday. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The firm’s fifty day moving average is $207.52 and its two-hundred day moving average is $201.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The firm has a market cap of $17.68 billion, a PE ratio of 19.86, a P/E/G ratio of 1.44 and a beta of 0.92.

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

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.