Ascent Group LLC Sells 5,683 Shares of Packaging Corporation of America $PKG

Ascent Group LLC cut its stake in shares of Packaging Corporation of America (NYSE:PKG) by 47.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,338 shares of the industrial products company’s stock after selling 5,683 shares during the quarter. Ascent Group LLC’s holdings in Packaging Corporation of America were worth $1,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its stake in shares of Packaging Corporation of America by 253.5% in the first quarter. Canada Pension Plan Investment Board now owns 25,100 shares of the industrial products company’s stock worth $4,970,000 after acquiring an additional 18,000 shares during the period. Vident Advisory LLC raised its holdings in Packaging Corporation of America by 36.1% during the 1st quarter. Vident Advisory LLC now owns 4,845 shares of the industrial products company’s stock worth $959,000 after purchasing an additional 1,286 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Packaging Corporation of America by 8.3% in the 1st quarter. Royal Bank of Canada now owns 248,891 shares of the industrial products company’s stock worth $49,286,000 after purchasing an additional 18,983 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Packaging Corporation of America in the 1st quarter valued at $451,000. Finally, AQR Capital Management LLC increased its position in shares of Packaging Corporation of America by 16.0% during the first quarter. AQR Capital Management LLC now owns 567,944 shares of the industrial products company’s stock worth $111,090,000 after buying an additional 78,185 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PKG. Citigroup upped their price target on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. UBS Group raised their target price 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. Truist Financial boosted their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Zacks Research lowered shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $230.67.

Packaging Corporation of America Trading Down 0.9%

NYSE PKG opened at $206.33 on Friday. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $242.68. The business has a 50 day moving average price of $201.20 and a 200-day moving average price of $203.62. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.51 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.Packaging Corporation of America’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior 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 expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 50.56%.

About Packaging Corporation of America

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.