Jackson Thornton Wealth Management LLC Purchases New Position in Packaging Corporation of America $PKG

Jackson Thornton Wealth Management LLC purchased a new stake in Packaging Corporation of America (NYSE:PKG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,036 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of the company. VCI Wealth Management LLC boosted its holdings in shares of Packaging Corporation of America by 16.7% in the second quarter. VCI Wealth Management LLC now owns 4,981 shares of the industrial products company’s stock valued at $939,000 after acquiring an additional 711 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in shares of Packaging Corporation of America by 7.1% in the second quarter. Avidian Wealth Enterprises LLC now owns 1,401 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 93 shares during the period. Stephens Inc. AR boosted its holdings in shares of Packaging Corporation of America by 1.0% in the second quarter. Stephens Inc. AR now owns 66,915 shares of the industrial products company’s stock valued at $12,610,000 after acquiring an additional 650 shares during the period. LMG Wealth Partners LLC boosted its holdings in shares of Packaging Corporation of America by 6.9% in the second quarter. LMG Wealth Partners LLC now owns 10,322 shares of the industrial products company’s stock valued at $1,945,000 after acquiring an additional 662 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $393,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PKG has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective for the company. UBS Group decreased their price objective on Packaging Corporation of America from $226.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Wells Fargo & Company increased their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Truist Financial increased their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $229.33.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $205.86 on Tuesday. The stock has a fifty day moving average price of $210.85 and a 200 day moving average price of $198.88. The company has a market cap of $18.52 billion, a PE ratio of 20.55, a P/E/G ratio of 1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) 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%.Packaging Corporation of America’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend 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 stock in a transaction 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 transaction, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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.