Carnegie Investment Counsel Acquires 3,085 Shares of Packaging Corporation of America $PKG

Carnegie Investment Counsel boosted its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 32.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,679 shares of the industrial products company’s stock after buying an additional 3,085 shares during the quarter. Carnegie Investment Counsel’s holdings in Packaging Corporation of America were worth $2,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PKG. Jacobs Levy Equity Management Inc. bought a new position in shares of Packaging Corporation of America during the 1st quarter valued at approximately $2,127,000. Vise Technologies Inc. bought a new position in Packaging Corporation of America during the second quarter valued at $1,306,000. Atlas FRM LLC lifted its holdings in shares of Packaging Corporation of America by 59.7% in the 2nd quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after acquiring an additional 200,000 shares during the last quarter. Arvest Bank Trust Division bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth about $892,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Packaging Corporation of America by 151.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,843 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 2,915 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock opened at $208.97 on Friday. 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 company has a market capitalization of $18.80 billion, a PE ratio of 21.13, a P/E/G ratio of 1.53 and a beta of 0.89. The company has a 50 day moving average price of $201.33 and a 200-day moving average price of $203.27. 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 released its quarterly earnings data 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 firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter 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 year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 15th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s payout ratio is presently 50.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PKG shares. Citigroup increased their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Truist Financial increased their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. UBS Group raised their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Wall Street Zen downgraded Packaging Corporation of America from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Finally, 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 note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of “Hold” and an average price target of $230.67.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.