Packaging Corporation of America $PKG Shares Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its stake in Packaging Corporation of America (NYSE:PKG) by 26.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,441 shares of the industrial products company’s stock after acquiring an additional 305 shares during the quarter. Parcion Private Wealth LLC’s holdings in Packaging Corporation of America were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Packaging Corporation of America by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock worth $648,061,000 after acquiring an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Packaging Corporation of America by 108.4% in the first 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 purchasing an additional 1,229,219 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Packaging Corporation of America by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock worth $377,347,000 after buying an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Packaging Corporation of America by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock worth $247,240,000 after buying an additional 60,710 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PKG. Citigroup upped their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. 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 research report on Monday, October 13th. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Two 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.33.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’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 sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Packaging Corporation of America Stock Up 0.4%

NYSE:PKG opened at $208.88 on Thursday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month 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. The firm has a market capitalization of $18.79 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.22 and a beta of 0.91. The stock’s fifty day simple moving average is $211.21 and its 200-day simple moving average is $199.02.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 49.90%.

About Packaging Corporation of America

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.