Trust Co. of Toledo NA OH Invests $33,000 in Packaging Corporation of America $PKG

Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 174 shares of the industrial products company’s stock, valued at approximately $33,000.

Other large investors have also made changes to their positions in the company. Clearstead Trust LLC raised its stake in shares of Packaging Corporation of America by 118.6% during 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 raised its stake in shares of Packaging Corporation of America by 72.2% during 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 raised 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 valued at $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Packaging Corporation of America in the 1st quarter valued at $39,000. Finally, Geneos Wealth Management Inc. raised 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 valued at $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

PKG stock opened at $207.77 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The firm has a market capitalization of $18.70 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.21 and a beta of 0.91. The business’s 50-day moving average is $209.62 and its two-hundred day moving average is $198.43. 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 posted 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 company had revenue of $2.17 billion for 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%.Packaging Corporation of America’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 49.90%.

Insider Transactions at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Wednesday, October 8th. Citigroup raised their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wells Fargo & Company raised their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

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.