LMG Wealth Partners LLC Boosts Stock Holdings in Packaging Corporation of America $PKG

LMG Wealth Partners LLC raised its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,322 shares of the industrial products company’s stock after acquiring an additional 662 shares during the quarter. LMG Wealth Partners LLC’s holdings in Packaging Corporation of America were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Packaging Corporation of America by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after acquiring an additional 202,755 shares during the period. JPMorgan Chase & Co. raised its holdings in Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after acquiring an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the period. Ameriprise Financial Inc. raised its holdings in Packaging Corporation of America by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after acquiring an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Packaging Corporation of America by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after acquiring an additional 60,710 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.9%

PKG opened at $203.45 on Monday. The stock has a market cap of $18.31 billion, a PE ratio of 20.30, a P/E/G 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 52 week low of $172.71 and a 52 week high of $250.82. The business’s fifty day simple moving average is $210.67 and its 200 day simple moving average is $198.72.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion for 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% on a year-over-year basis. During the same quarter in the prior 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. As a group, research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Insider Buying and Selling

In related 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 transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PKG has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of Packaging Corporation of America from $226.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial upped their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Zacks Research raised shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.33.

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.