Packaging Corporation of America $PKG Stock Position Reduced by Creative Planning

Creative Planning trimmed its position in Packaging Corporation of America (NYSE:PKG) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,561 shares of the industrial products company’s stock after selling 370 shares during the quarter. Creative Planning’s holdings in Packaging Corporation of America were worth $2,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PKG. Price T Rowe Associates Inc. MD increased its stake in Packaging Corporation of America by 108.4% during the first 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 purchasing an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 valued at $601,755,000 after buying an additional 964,085 shares during the period. Select Equity Group L.P. grew its position in shares of Packaging Corporation of America by 114.5% during the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock valued at $136,486,000 after buying an additional 367,933 shares during the last quarter. Nuveen LLC acquired a new stake in Packaging Corporation of America during the first quarter worth about $66,091,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after acquiring an additional 207,244 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the 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 completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial upped their target price 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. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company increased their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday. Finally, UBS Group boosted their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $230.17.

Packaging Corporation of America Trading Up 3.0%

NYSE:PKG opened at $197.38 on Monday. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The business has a fifty day moving average of $206.27 and a 200-day moving average of $201.56.

Packaging Corporation of America (NYSE:PKG) last posted 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 company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities analysts predict 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.