VCI Wealth Management LLC increased its holdings in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,981 shares of the industrial products company’s stock after buying an additional 711 shares during the quarter. VCI Wealth Management LLC’s holdings in Packaging Corporation of America were worth $939,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in PKG. Clearstead Trust LLC raised its stake in 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 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% during 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. Trust Co. of Toledo NA OH acquired a new stake in Packaging Corporation of America during the 2nd quarter worth $33,000. Finally, Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the 1st quarter worth $39,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PKG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Citigroup raised their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. 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. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, Wells Fargo & Company increased their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Two investment 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $229.33.
Packaging Corporation of America Price Performance
PKG stock opened at $205.86 on Tuesday. The stock has a 50-day moving average price of $210.85 and a two-hundred day moving average price of $198.88. The stock has a market cap of $18.52 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. 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 has a 1 year low of $172.71 and a 1 year high of $250.82.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced 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. 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%.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. Equities analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.
Packaging Corporation of America Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 49.90%.
Insider Buying and Selling 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 value of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares in the company, valued at $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 available at the SEC website. 1.50% of the stock is owned by 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.
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