Boston Trust Walden Corp Decreases Holdings in Packaging Corporation of America $PKG

Boston Trust Walden Corp reduced its position in Packaging Corporation of America (NYSE:PKG) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 52,788 shares of the industrial products company’s stock after selling 295 shares during the period. Boston Trust Walden Corp owned 0.06% of Packaging Corporation of America worth $9,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PKG. Farther Finance Advisors LLC lifted its holdings in shares of Packaging Corporation of America by 45.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,024 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Packaging Corporation of America by 29.1% in the 1st quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company’s stock valued at $621,000 after purchasing an additional 707 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Packaging Corporation of America by 5.6% in 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 purchasing an additional 1,531 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Packaging Corporation of America by 15.5% in the 1st quarter. Ritholtz Wealth Management now owns 5,355 shares of the industrial products company’s stock valued at $1,060,000 after purchasing an additional 718 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Packaging Corporation of America by 20.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 66 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $210.92 on Wednesday. The stock has a market capitalization of $18.98 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The stock’s 50-day moving average price is $209.97 and its 200 day moving average price is $198.52. 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 issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s payout ratio is presently 49.90%.

Insider Transactions at Packaging Corporation of America

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 transaction of $5,399,250.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PKG shares. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Citigroup boosted their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Truist Financial boosted 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. UBS Group boosted their price target on Packaging Corporation of America from $220.00 to $226.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $229.50.

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.