Commonwealth Equity Services LLC Sells 20,890 Shares of Packaging Corporation of America $PKG

Commonwealth Equity Services LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG) by 37.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,910 shares of the industrial products company’s stock after selling 20,890 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Packaging Corporation of America were worth $7,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Packaging Corporation of America by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock valued at $2,111,452,000 after purchasing an additional 176,811 shares in the last quarter. State Street Corp grew its holdings in shares of Packaging Corporation of America by 1.1% during the second quarter. State Street Corp now owns 4,097,253 shares of the industrial products company’s stock valued at $777,037,000 after buying an additional 43,141 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after acquiring an additional 78,619 shares during the period. American Century Companies Inc. raised its stake in Packaging Corporation of America by 70.6% in 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. Finally, Bank of America Corp DE lifted its position in Packaging Corporation of America by 6.6% during the 2nd quarter. Bank of America Corp DE now owns 1,449,494 shares of the industrial products company’s stock worth $273,157,000 after acquiring an additional 89,739 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PKG shares. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Citigroup cut their price target on shares of Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Truist Financial increased their price objective on shares of Packaging Corporation of America from $263.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $236.17.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $218.75 on Wednesday. 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 capitalization of $19.68 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.65 and a beta of 0.88. The firm’s 50 day simple moving average is $203.43 and its 200-day simple moving average is $205.31. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $242.68.

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 (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm 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 quarter in the prior year, the firm earned $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 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.