Vise Technologies Inc. Purchases Shares of 6,932 Packaging Corporation of America $PKG

Vise Technologies Inc. purchased a new stake in Packaging Corporation of America (NYSE:PKG) during the second quarter, HoldingsChannel.com reports. The firm purchased 6,932 shares of the industrial products company’s stock, valued at approximately $1,306,000.

Several other institutional investors and hedge funds have also modified their holdings of PKG. Allworth Financial LP increased its holdings in Packaging Corporation of America by 35.4% during the 1st quarter. Allworth Financial LP now owns 532 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 139 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at $358,000. Cerity Partners LLC raised its holdings in shares of Packaging Corporation of America by 25.8% in the first quarter. Cerity Partners LLC now owns 20,390 shares of the industrial products company’s stock valued at $4,038,000 after buying an additional 4,179 shares during the last quarter. CWM LLC lifted its position in Packaging Corporation of America by 19.5% during the 1st quarter. CWM LLC now owns 11,764 shares of the industrial products company’s stock worth $2,329,000 after buying an additional 1,917 shares in the last quarter. Finally, Parcion Private Wealth LLC bought a new stake in Packaging Corporation of America during the 1st quarter worth about $225,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 0.3%

Shares of PKG stock opened at $201.07 on Thursday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The company’s fifty day simple moving average is $209.07 and its two-hundred day simple moving average is $200.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.44 and a beta of 0.92.

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 analysts’ consensus estimates of $2.83 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is currently 50.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PKG shares. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Citigroup raised their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. UBS Group lifted their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Zacks Research cut Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Truist Financial raised their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.17.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction 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 owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

About Packaging Corporation of America

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.