Packaging Corporation of America $PKG Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in Packaging Corporation of America (NYSE:PKG) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,866 shares of the industrial products company’s stock after acquiring an additional 1,370 shares during the quarter. Metis Global Partners LLC’s holdings in Packaging Corporation of America were worth $2,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Forza Wealth Management LLC grew its position in shares of Packaging Corporation of America by 2.8% in the second quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC lifted its stake in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Packaging Corporation of America by 72.2% in 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 last quarter. Geneos Wealth Management Inc. increased its stake in 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 buying an additional 57 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its stake in Packaging Corporation of America by 0.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock worth $1,735,000 after buying an additional 59 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. UBS Group upped their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Citigroup raised their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.17.

Packaging Corporation of America Stock Up 1.2%

NYSE PKG opened at $200.51 on Monday. The business’s fifty day simple moving average is $209.94 and its 200-day simple moving average is $200.62. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The firm has a market cap of $18.04 billion, a PE ratio of 20.27, a P/E/G ratio of 1.44 and a beta of 0.92. 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 released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business posted $2.65 earnings per share. Packaging Corporation of America’s revenue for the quarter 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, equities analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s payout ratio is presently 50.56%.

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.