MQS Management LLC Has $267,000 Stake in Packaging Corporation of America $PKG

MQS Management LLC decreased its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 60.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,417 shares of the industrial products company’s stock after selling 2,175 shares during the quarter. MQS Management LLC’s holdings in Packaging Corporation of America were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PKG. Charles Schwab Investment Management Inc. increased its stake in shares of Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after buying an additional 202,755 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after buying an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after buying an additional 1,229,219 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Packaging Corporation of America by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after buying an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Packaging Corporation of America by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after buying an additional 60,710 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Up 0.9%

NYSE PKG opened at $206.68 on Tuesday. The firm has a market capitalization of $18.60 billion, a P/E ratio of 20.90, a PEG ratio of 1.21 and a beta of 0.91. The business has a fifty day simple moving average of $212.01 and a 200 day simple moving average of $199.80. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. 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 results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company posted $2.65 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a dividend of $1.25 per share. 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 is presently 50.56%.

Analyst Ratings Changes

Several research firms have recently issued reports on PKG. Citigroup upped their price objective 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 raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. began coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price on the stock. UBS Group upped their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.17.

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.