Blue Trust Inc. Boosts Position in Packaging Corporation of America $PKG

Blue Trust Inc. increased its stake in Packaging Corporation of America (NYSE:PKG) by 23.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,924 shares of the industrial products company’s stock after acquiring an additional 553 shares during the quarter. Blue Trust Inc.’s holdings in Packaging Corporation of America were worth $551,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PKG. Clearstead Trust LLC increased its stake in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC increased its stake in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after buying an additional 57 shares during the period. TCTC Holdings LLC increased its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management purchased a new position in Packaging Corporation of America in the 1st quarter worth about $39,000. Finally, Geneos Wealth Management Inc. increased its stake in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

PKG has been the topic of a number of research reports. Citigroup raised their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of 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 downgraded shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and cut their target price for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Wells Fargo & Company raised their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.17.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were 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. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Down 2.2%

Shares of Packaging Corporation of America stock opened at $206.84 on Monday. The firm’s 50 day moving average price is $209.33 and its 200-day moving average price is $198.35. 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 company has a market cap of $18.61 billion, a P/E ratio of 20.64, a PEG ratio of 1.21 and a beta of 0.91.

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

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s payout ratio 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.