Aviva PLC Buys 14,004 Shares of Packaging Corporation of America $PKG

Aviva PLC boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 419.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,341 shares of the industrial products company’s stock after buying an additional 14,004 shares during the period. Aviva PLC’s holdings in Packaging Corporation of America were worth $3,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PKG. AE Wealth Management LLC raised its stake in shares of Packaging Corporation of America by 24.6% in the second quarter. AE Wealth Management LLC now owns 1,452 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 287 shares during the period. Metis Global Partners LLC boosted its stake in shares of Packaging Corporation of America by 14.4% during the 2nd quarter. Metis Global Partners LLC now owns 10,866 shares of the industrial products company’s stock worth $2,048,000 after purchasing an additional 1,370 shares during the period. Texas Yale Capital Corp. grew its holdings in Packaging Corporation of America by 8.6% during the 2nd quarter. Texas Yale Capital Corp. now owns 12,952 shares of the industrial products company’s stock valued at $2,441,000 after purchasing an additional 1,030 shares during the last quarter. Andra AP fonden grew its holdings in Packaging Corporation of America by 17.7% during the 2nd quarter. Andra AP fonden now owns 93,800 shares of the industrial products company’s stock valued at $17,677,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in Packaging Corporation of America by 4.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 29,196 shares of the industrial products company’s stock worth $5,506,000 after purchasing an additional 1,215 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PKG. Wall Street Zen cut Packaging Corporation of America from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. UBS Group lifted their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company boosted their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Finally, Citigroup lifted 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 report on Monday, October 6th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.17.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Down 1.2%

Shares of NYSE PKG opened at $200.58 on Thursday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The stock’s fifty day simple moving average is $209.07 and its two-hundred day simple moving average is $200.83. The stock has a market capitalization of $18.05 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. 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 issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm earned $2.65 EPS. The firm’s quarterly 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, analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. 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.