Conning Inc. Sells 21,626 Shares of Packaging Corporation of America $PKG

Conning Inc. lowered its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,245 shares of the industrial products company’s stock after selling 21,626 shares during the quarter. Conning Inc. owned about 0.17% of Packaging Corporation of America worth $32,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of PKG. Bruce G. Allen Investments LLC lifted its position in shares of Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after buying an additional 57 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America during the second quarter worth approximately $33,000. Geneos Wealth Management Inc. grew its holdings in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in shares of Packaging Corporation of America in the third quarter valued at approximately $44,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Packaging Corporation of America in the second quarter worth $44,000. 89.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Truist Financial increased their target price on Packaging Corporation of America from $263.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company raised Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $222.00 to $233.00 in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus price target of $236.17.

Packaging Corporation of America Trading Up 0.5%

Shares of PKG opened at $219.75 on Thursday. The stock’s 50-day moving average price is $203.84 and its 200 day moving average price is $205.41. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.66 and a beta of 0.88. 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 announced its quarterly earnings data 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 firm had revenue of $2.31 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was 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.