Ellsworth Advisors LLC Has $6.79 Million Stock Position in Packaging Corporation of America $PKG

Ellsworth Advisors LLC lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 0.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,295 shares of the industrial products company’s stock after selling 106 shares during the quarter. Packaging Corporation of America comprises approximately 1.8% of Ellsworth Advisors LLC’s portfolio, making the stock its 7th biggest holding. Ellsworth Advisors LLC’s holdings in Packaging Corporation of America were worth $6,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in 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 worth $648,061,000 after purchasing an additional 202,755 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 1,229,219 shares during the period. Ameriprise Financial Inc. boosted 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 valued at $377,347,000 after acquiring an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and cut their price objective for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Truist Financial cut their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating for the company in a research report on Friday, July 25th. UBS Group raised their price objective on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Wells Fargo & Company lifted their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Citigroup boosted their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.40.

Packaging Corporation of America Price Performance

PKG stock opened at $213.25 on Thursday. 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 one year low of $172.71 and a one year high of $250.82. The stock has a market cap of $19.19 billion, a PE ratio of 21.28, a P/E/G ratio of 1.87 and a beta of 0.87. The firm has a 50 day simple moving average of $204.37 and a two-hundred day simple moving average of $196.67.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

Packaging Corporation of America 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.