2,572 Shares in Packaging Corporation of America $PKG Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new position in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,572 shares of the industrial products company’s stock, valued at approximately $485,000.

Several other large investors also recently added to or reduced their stakes in the company. Forza Wealth Management LLC increased its holdings in Packaging Corporation of America by 2.8% in the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 56 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 57 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased its holdings in Packaging Corporation of America by 0.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock worth $1,735,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PKG. Zacks Research downgraded Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company raised their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Citigroup raised their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note 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. Finally, Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America has an average rating of “Hold” and an average price target of $230.17.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $196.45 on Thursday. The company has a market cap of $17.68 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $212.14 and a 200-day moving average price of $199.99. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly 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 business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last 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, equities analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

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.