Machina Capital S.A.S. Sells 6,786 Shares of Packaging Corporation of America $PKG

Machina Capital S.A.S. reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 56.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,170 shares of the industrial products company’s stock after selling 6,786 shares during the quarter. Machina Capital S.A.S.’s holdings in Packaging Corporation of America were worth $974,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC grew its stake in Packaging Corporation of America by 86.4% in the first 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $195.28 on Tuesday. The stock has a market cap of $17.57 billion, a PE ratio of 19.75, a P/E/G ratio of 1.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The firm has a 50-day moving average of $211.18 and a 200-day moving average of $200.23. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG) last announced 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). The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research cut shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Truist Financial lifted their price objective on shares of 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. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price for the company. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $230.17.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 437,378 shares in the company, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company 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.