1,229 Shares in Packaging Corporation of America $PKG Purchased by World Investment Advisors

World Investment Advisors bought a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, Holdings Channel.com reports. The fund bought 1,229 shares of the industrial products company’s stock, valued at approximately $232,000.

Several other hedge funds also recently made changes to their positions in PKG. Clearstead Trust LLC increased its position in shares of Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 70 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of Packaging Corporation of America by 72.2% in 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 increased its position 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 purchasing an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new position in Packaging Corporation of America in the 2nd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% in the 1st 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 owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Zacks Research lowered Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target on the stock. Truist Financial lifted their target price on 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. Finally, Wells Fargo & Company lifted their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $230.17.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s 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 sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Up 0.8%

NYSE PKG opened at $197.13 on Wednesday. The business’s 50-day moving average price is $210.90 and its two-hundred day moving average price is $200.30. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The firm has a market capitalization of $17.74 billion, a PE ratio of 19.93, 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 (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). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm posted $2.65 EPS. The company’s quarterly 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, analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio 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.