Packaging Corporation of America $PKG Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC decreased its stake in Packaging Corporation of America (NYSE:PKG) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,972 shares of the industrial products company’s stock after selling 79 shares during the period. Naples Global Advisors LLC’s holdings in Packaging Corporation of America were worth $8,151,000 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. Price T Rowe Associates Inc. MD raised its position in Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. JPMorgan Chase & Co. raised its position in Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Select Equity Group L.P. raised its position in Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after acquiring an additional 367,933 shares during the last quarter. Nuveen LLC acquired a new position in Packaging Corporation of America during the first quarter worth about $66,091,000. Finally, Assenagon Asset Management S.A. raised its position in Packaging Corporation of America by 377.1% during the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after acquiring an additional 207,244 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PKG shares. Citigroup lifted their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Zacks Research upgraded shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Wells Fargo & Company lifted their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and lowered their price target for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Finally, Truist Financial lifted their price target on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average target price of $223.83.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $215.06 on Thursday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The firm has a 50 day moving average price of $207.70 and a 200 day moving average price of $197.66. The company has a market cap of $19.35 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. Packaging Corporation of America’s revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America’s payout ratio is presently 49.90%.

Packaging Corporation of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.