Packaging Corporation of America $PKG Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in Packaging Corporation of America (NYSE:PKG) by 0.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,624 shares of the industrial products company’s stock after buying an additional 358 shares during the period. Asset Management One Co. Ltd.’s holdings in Packaging Corporation of America were worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Forza Wealth Management LLC raised its position in Packaging Corporation of America by 2.8% during the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock worth $391,000 after buying an additional 56 shares during the last quarter. Manchester Capital Management LLC raised its position in Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock worth $40,000 after buying an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in Packaging Corporation of America by 72.2% during 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. raised its position 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 during the last quarter. Finally, Cary Street Partners Financial LLC raised its position 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 during the last quarter. Hedge funds and other institutional investors 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 firm’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 transaction, the chief executive officer owned 437,378 shares in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. JPMorgan Chase & Co. started coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price for the company. UBS Group raised 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, Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $230.17.

Packaging Corporation of America Trading Up 0.9%

Shares of PKG stock opened at $206.68 on Tuesday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market cap of $18.60 billion, a P/E ratio of 20.90, a P/E/G 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. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share 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 firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the business earned $2.65 EPS. 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 forecast that Packaging Corporation of America will post 10.44 earnings per share 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 given a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 50.56%.

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.