Morningstar Investment Management LLC Makes New $253,000 Investment in Packaging Corporation of America $PKG

Morningstar Investment Management LLC purchased a new position in Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,344 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other institutional investors also recently added to or reduced their stakes in PKG. Farther Finance Advisors LLC increased its position in Packaging Corporation of America by 45.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,024 shares of the industrial products company’s stock worth $205,000 after buying an additional 321 shares during the period. GAMMA Investing LLC increased its position in Packaging Corporation of America by 29.1% in the 1st quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company’s stock worth $621,000 after buying an additional 707 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company’s stock worth $5,671,000 after buying an additional 1,531 shares during the period. Ritholtz Wealth Management increased its stake in Packaging Corporation of America by 15.5% during the first quarter. Ritholtz Wealth Management now owns 5,355 shares of the industrial products company’s stock valued at $1,060,000 after acquiring an additional 718 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Packaging Corporation of America by 20.6% during the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 66 shares during the period. 89.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PKG has been the topic of several research reports. UBS Group boosted their price target on Packaging Corporation of America from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Citigroup boosted their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company boosted their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.50.

Packaging Corporation of America Trading Up 1.5%

PKG stock opened at $210.92 on Wednesday. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The firm has a market cap of $18.98 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.22 and a beta of 0.91. The business’s 50 day moving average is $209.97 and its 200-day moving average is $198.52. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s 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. Equities analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s 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 directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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.