J. W. Coons Advisors LLC Makes New $236,000 Investment in Packaging Corporation of America $PKG

J. W. Coons Advisors LLC purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,253 shares of the industrial products company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PKG. Jacobs Levy Equity Management Inc. bought a new position in shares of Packaging Corporation of America in the first quarter valued at about $2,127,000. Commerce Bank raised its position in shares of Packaging Corporation of America by 27.7% in the first quarter. Commerce Bank now owns 69,401 shares of the industrial products company’s stock valued at $13,743,000 after purchasing an additional 15,041 shares during the period. Spectrum Wealth Counsel LLC bought a new position in shares of Packaging Corporation of America in the first quarter valued at about $3,854,000. JPMorgan Chase & Co. raised its position 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 purchasing an additional 964,085 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Packaging Corporation of America by 35.6% in the first quarter. Cetera Investment Advisers now owns 27,713 shares of the industrial products company’s stock valued at $5,488,000 after purchasing an additional 7,270 shares during the period. 89.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PKG shares. Wells Fargo & Company increased their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Citigroup increased their price objective on shares of 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. JPMorgan Chase & Co. started coverage on shares of Packaging Corporation of America in a research report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective on the stock. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Zacks Research downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. 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 stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Hold” and a consensus price target of $230.17.

Packaging Corporation of America Trading Up 0.8%

PKG stock opened at $197.13 on Wednesday. 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 company’s 50-day simple moving average is $210.90 and its 200 day simple moving average is $200.30. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The company has a market capitalization of $17.74 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91.

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 the consensus estimate 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 business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company posted $2.65 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

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

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Packaging Corporation of America 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.