1,344 Shares in Packaging Corporation of America $PKG Bought by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC acquired 1,344 shares of Packaging Corporation of America, valued at around $253,000, during the second quarter.
• CEO Mark W. Kowlzan sold 25,000 shares of the company's stock, reducing his ownership by 5.41%, and now retains 437,378 shares valued at over $94 million.
• The company announced a quarterly dividend of $1.25 per share, with an annualized dividend yield of 2.4%, set to be paid on October 15th.

Morningstar Investment Management LLC bought a new position in Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,344 shares of the industrial products company's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also modified their holdings of PKG. Farther Finance Advisors LLC boosted its position in shares of Packaging Corporation of America by 45.7% in the first quarter. Farther Finance Advisors LLC now owns 1,024 shares of the industrial products company's stock worth $205,000 after buying an additional 321 shares during the period. GAMMA Investing LLC boosted its position in shares of Packaging Corporation of America by 29.1% in the first quarter. GAMMA Investing LLC now owns 3,138 shares of the industrial products company's stock worth $621,000 after buying an additional 707 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Packaging Corporation of America by 5.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after buying an additional 1,531 shares during the period. Ritholtz Wealth Management boosted its position in shares of Packaging Corporation of America by 15.5% in the first quarter. Ritholtz Wealth Management now owns 5,355 shares of the industrial products company's stock worth $1,060,000 after buying an additional 718 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Packaging Corporation of America by 20.6% in the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock worth $77,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

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 transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Price Performance

NYSE PKG opened at $210.92 on Wednesday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock's 50-day moving average is $209.97 and its two-hundred day moving average is $198.52. 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 cap of $18.98 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $2.20 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

Analysts Set New Price Targets

PKG has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on 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. Truist Financial lifted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the company a "buy" rating in a research report on Monday. Citigroup lifted their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. UBS Group lifted their price objective on Packaging Corporation of America from $220.00 to $226.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average target price of $229.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.