Ritholtz Wealth Management Boosts Stock Position in Packaging Corporation of America $PKG

Ritholtz Wealth Management boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,319 shares of the industrial products company’s stock after purchasing an additional 964 shares during the period. Ritholtz Wealth Management’s holdings in Packaging Corporation of America were worth $1,191,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC lifted its position 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 valued at $26,000 after buying an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position 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 valued at $26,000 after buying an additional 57 shares during the last quarter. TCTC Holdings LLC lifted its position in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $33,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Packaging Corporation of America during the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PKG shares. Truist Financial upped their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Citigroup upped their price target on 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 reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective 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. Finally, Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.33.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $203.45 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.20 and a beta of 0.91. The business’s fifty day moving average is $210.67 and its 200 day moving average is $198.67.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. The business 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%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.