AdvisorNet Financial Inc Buys 235 Shares of Packaging Corporation of America $PKG

AdvisorNet Financial Inc grew its stake in shares of Packaging Corporation of America (NYSE:PKG) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,559 shares of the industrial products company’s stock after buying an additional 235 shares during the period. AdvisorNet Financial Inc’s holdings in Packaging Corporation of America were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its holdings in shares of Packaging Corporation of America by 1,033.3% during the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 186 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Packaging Corporation of America by 111.2% during the 4th quarter. Vise Technologies Inc. now owns 2,315 shares of the industrial products company’s stock valued at $521,000 after purchasing an additional 1,219 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Packaging Corporation of America by 8.3% during the 4th quarter. Toronto Dominion Bank now owns 47,789 shares of the industrial products company’s stock valued at $10,759,000 after purchasing an additional 3,667 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Packaging Corporation of America by 65.2% during the 4th quarter. Forum Financial Management LP now owns 1,786 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 705 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Packaging Corporation of America during the 4th quarter valued at about $64,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of PKG opened at $213.00 on Tuesday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The business has a 50-day simple moving average of $205.90 and a two-hundred day simple moving average of $196.76. 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 stock has a market cap of $19.17 billion, a PE ratio of 21.26, a PEG ratio of 1.84 and a beta of 0.87.

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 for the quarter, beating the consensus estimate of $2.44 by $0.04. The company 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%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior 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. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s dividend payout ratio is presently 49.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial lifted their target price on Packaging Corporation of America from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Jefferies Financial Group lowered Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup lifted their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their target price on 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, UBS Group lifted their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.20.

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 that occurred 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 in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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.