Bessemer Group Inc. Sells 555 Shares of Packaging Corporation of America $PKG

Bessemer Group Inc. decreased its holdings in Packaging Corporation of America (NYSE:PKG) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,934 shares of the industrial products company’s stock after selling 555 shares during the period. Bessemer Group Inc.’s holdings in Packaging Corporation of America were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Clearstead Trust LLC boosted its holdings 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 worth $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of 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 acquiring an additional 57 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 70 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Packaging Corporation of America in the second quarter valued at $33,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 valued at $39,000 after purchasing an additional 57 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.1%

PKG stock opened at $195.89 on Friday. The company’s 50 day moving average is $211.52 and its 200 day moving average is $200.08. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. 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 has a 1-year low of $172.71 and a 1-year high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.Packaging Corporation of America’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Sell-side analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 50.56%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PKG. UBS Group raised their target price on 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 report on Monday, October 27th. Truist Financial raised their price objective on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 target price on the stock. Finally, Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. One research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $230.17.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

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.