Boston Trust Walden Corp Sells 17,362 Shares of Packaging Corporation of America $PKG

Boston Trust Walden Corp reduced its position in shares of Packaging Corporation of America (NYSE:PKG) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,426 shares of the industrial products company’s stock after selling 17,362 shares during the quarter. Boston Trust Walden Corp’s holdings in Packaging Corporation of America were worth $7,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PKG. Norges Bank purchased a new position in shares of Packaging Corporation of America in the second quarter worth approximately $225,478,000. American Century Companies Inc. boosted its stake in shares of Packaging Corporation of America by 70.6% during the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after acquiring an additional 769,806 shares during the last quarter. 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 acquiring an additional 367,933 shares during the period. AQR Capital Management LLC increased its stake in shares of Packaging Corporation of America by 56.4% in the 2nd quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock worth $167,412,000 after purchasing an additional 320,418 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Packaging Corporation of America by 377.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after purchasing an additional 207,244 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Wall Street Zen downgraded Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Wells Fargo & Company raised their target price on shares of 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday. Finally, UBS Group increased 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 note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $230.67.

Packaging Corporation of America Trading Down 0.2%

Packaging Corporation of America stock opened at $208.30 on Wednesday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $242.68. The firm’s 50 day moving average price is $201.39 and its 200-day moving average price is $203.59. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock has a market cap of $18.74 billion, a P/E ratio of 21.06, a PEG ratio of 1.53 and a beta of 0.89.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results 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 for 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 19.72%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders 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 of this dividend is Monday, December 15th. Packaging Corporation of America’s payout ratio is 50.56%.

Packaging Corporation of America 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.