Wealthfront Advisers LLC Sells 1,709 Shares of Packaging Corporation of America $PKG

Wealthfront Advisers LLC decreased its position in Packaging Corporation of America (NYSE:PKG) by 15.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,624 shares of the industrial products company’s stock after selling 1,709 shares during the period. Wealthfront Advisers LLC’s holdings in Packaging Corporation of America were worth $1,814,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PKG. Clearstead Trust LLC raised its position in shares of 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 worth $26,000 after acquiring an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the period. TCTC Holdings LLC grew its stake in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America in the second quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Down 0.3%

Shares of NYSE PKG opened at $196.15 on Friday. 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 company has a 50-day moving average price of $211.86 and a 200-day moving average price of $199.96. The stock has a market capitalization of $17.65 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.44 and a beta of 0.91. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82.

Packaging Corporation of America (NYSE:PKG) last posted its 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 return on equity of 19.98% and a net margin of 10.18%.The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company earned $2.65 EPS. The company’s 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. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America’s payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PKG. Truist Financial raised their price objective 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. UBS Group increased 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 research note on Friday, October 24th. Zacks Research downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company increased their price objective 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. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Hold” and an average target price of $230.17.

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.