Avantax Advisory Services Inc. Raises Stake in Packaging Corporation of America $PKG

Avantax Advisory Services Inc. grew its holdings in Packaging Corporation of America (NYSE:PKG) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,605 shares of the industrial products company’s stock after buying an additional 737 shares during the period. Avantax Advisory Services Inc.’s holdings in Packaging Corporation of America were worth $3,506,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Packaging Corporation of America by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock worth $648,061,000 after buying an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after purchasing an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. grew its position in Packaging Corporation of America by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after buying an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Packaging Corporation of America by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after buying an additional 60,710 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PKG. Zacks Research cut shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Wall Street Zen lowered shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group increased their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Truist Financial lifted their price objective 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $230.17.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 437,378 shares in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $194.36 on Thursday. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The business’s 50 day simple moving average is $207.14 and its 200-day simple moving average is $201.21. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82.

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

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.