Packaging Corporation of America $PKG Stake Lowered by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its stake in shares of Packaging Corporation of America (NYSE:PKG) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,756 shares of the industrial products company’s stock after selling 903 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Packaging Corporation of America were worth $727,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Packaging Corporation of America by 6.6% during the first 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 purchasing an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Packaging Corporation of America by 46.5% during 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Packaging Corporation of America by 108.4% during 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 during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Packaging Corporation of America by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after purchasing an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Packaging Corporation of America by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after purchasing an additional 60,710 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $203.45 on Friday. The stock has a fifty day moving average price of $210.67 and a two-hundred day moving average price of $198.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The firm has a market cap of $18.31 billion, a P/E ratio of 20.30, a PEG ratio of 1.19 and a beta of 0.91. 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 issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a dividend of $1.25 per share. 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 (DPR) is presently 49.90%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PKG. JPMorgan Chase & Co. began 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. Citigroup increased their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Wednesday, October 8th. Finally, Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.33.

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 transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly 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 document filed with the SEC, which can be accessed through this hyperlink. 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.