Packaging Corporation of America $PKG Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Packaging Corporation of America (NYSE:PKG) by 151.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,843 shares of the industrial products company’s stock after buying an additional 2,915 shares during the period. Sequoia Financial Advisors LLC’s holdings in Packaging Corporation of America were worth $913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC boosted its position in 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 buying an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position 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 valued at $26,000 after buying an additional 57 shares during the last quarter. TCTC Holdings LLC boosted its position in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Packaging Corporation of America in the 2nd quarter valued at about $33,000. Finally, Alpine Bank Wealth Management purchased a new position in Packaging Corporation of America in the 1st quarter valued at about $39,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on PKG shares. UBS Group reduced their price target on shares of Packaging Corporation of America from $226.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Citigroup increased 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 report on Monday, October 6th. Truist Financial increased their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Zacks Research raised shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.33.

Insider Activity

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction 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 sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Price Performance

NYSE PKG opened at $203.45 on Friday. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The firm has a market capitalization of $18.31 billion, a PE ratio of 20.30, a P/E/G ratio of 1.20 and a beta of 0.91. The company’s 50 day simple moving average is $210.67 and its 200 day simple moving average is $198.67.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

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.