Corient Private Wealth LLC Cuts Stock Holdings in Packaging Corporation of America $PKG

Corient Private Wealth LLC lowered its position in shares of Packaging Corporation of America (NYSE:PKG) by 30.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,071 shares of the industrial products company’s stock after selling 37,452 shares during the quarter. Corient Private Wealth LLC owned approximately 0.10% of Packaging Corporation of America worth $16,410,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its stake in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Packaging Corporation of America during the second quarter worth $33,000. Geneos Wealth Management Inc. raised its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. 1 North Wealth Services LLC purchased a new position in shares of Packaging Corporation of America in the first quarter worth about $40,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Packaging Corporation of America during the second quarter worth about $44,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on PKG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Wells Fargo & Company lifted their price objective 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. Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Finally, Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Packaging Corporation of America presently has a consensus rating of “Hold” and a consensus target price of $230.67.

Packaging Corporation of America Trading Down 0.7%

Shares of Packaging Corporation of America stock opened at $202.18 on Thursday. The stock has a 50 day moving average of $201.55 and a 200 day moving average of $202.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.49 and a beta of 0.89. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $242.68.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

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.