Beverly Hills Private Wealth LLC Reduces Stock Holdings in Packaging Corporation of America $PKG

Beverly Hills Private Wealth LLC reduced its stake in shares of Packaging Corporation of America (NYSE:PKG) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,061 shares of the industrial products company’s stock after selling 434 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Packaging Corporation of America were worth $1,331,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PKG. GAMMA Investing LLC raised its holdings in shares of Packaging Corporation of America by 29.1% during the 1st quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company’s stock valued at $621,000 after buying an additional 707 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Packaging Corporation of America by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company’s stock valued at $5,671,000 after buying an additional 1,531 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Packaging Corporation of America by 20.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company’s stock valued at $77,000 after buying an additional 66 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of Packaging Corporation of America during the 1st quarter valued at about $309,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Packaging Corporation of America by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 10,448 shares of the industrial products company’s stock valued at $2,068,000 after buying an additional 280 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. UBS Group reduced their price target on Packaging Corporation of America from $226.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average price target of $229.33.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Stock Down 0.9%

Shares of Packaging Corporation of America stock opened at $203.45 on Monday. The stock’s fifty day moving average is $210.67 and its 200-day moving average is $198.72. The firm has a market capitalization of $18.31 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. 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 announced its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.Packaging Corporation of America’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities analysts anticipate 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 was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s payout ratio is 49.90%.

Packaging Corporation of America Company 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.