Sagespring Wealth Partners LLC Buys Shares of 1,158 Packaging Corporation of America $PKG

Sagespring Wealth Partners LLC bought a new stake in Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, Holdings Channel reports. The firm bought 1,158 shares of the industrial products company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after purchasing an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Packaging Corporation of America by 46.5% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Packaging Corporation of America by 108.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after purchasing an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Packaging Corporation of America by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after acquiring an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Packaging Corporation of America by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after acquiring an additional 60,710 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Down 0.9%

Shares of PKG stock opened at $203.45 on Friday. 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 stock has a market capitalization of $18.31 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The company has a 50 day moving average price of $210.67 and a 200 day moving average price of $198.65. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business’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. Equities research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given 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 dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PKG shares. Wells Fargo & Company boosted their price target 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. 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 note on Thursday. Truist Financial boosted their price target on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $229.33.

About Packaging Corporation of America

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.