Blair William & Co. IL Trims Position in Packaging Corporation of America $PKG

Blair William & Co. IL lessened its stake in shares of Packaging Corporation of America (NYSE:PKG) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,087 shares of the industrial products company’s stock after selling 79 shares during the period. Blair William & Co. IL’s holdings in Packaging Corporation of America were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

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

Packaging Corporation of America Price Performance

PKG stock opened at $203.45 on Friday. The business has a 50 day moving average price of $210.67 and a 200 day moving average price of $198.67. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.20 and a beta of 0.91. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. 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 (NYSE:PKG) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a dividend of $1.25 per share. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America’s payout ratio is presently 49.90%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was 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 in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on PKG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. UBS Group dropped their target price 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. Truist Financial lifted their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wells Fargo & Company lifted their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus target price of $229.33.

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.