Aberdeen Group plc Has $8.79 Million Stock Holdings in Packaging Corporation of America $PKG

Key Points

• Aberdeen Group plc increased its holdings in Packaging Corporation of America by 4.0%, now owning about 46,617 shares valued at approximately $8.79 million.
• Several large investors have also increased their stakes in Packaging Corporation of America, contributing to a total institutional ownership of 89.78%.
• Research analysts have upgraded their ratings on Packaging Corporation of America, with price targets ranging from $222 to $264, indicating strong investor confidence.

Aberdeen Group plc increased its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,617 shares of the industrial products company's stock after acquiring an additional 1,813 shares during the quarter. Aberdeen Group plc owned about 0.05% of Packaging Corporation of America worth $8,785,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PKG. Forza Wealth Management LLC grew its holdings in shares of Packaging Corporation of America by 2.8% during the second quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company's stock worth $391,000 after buying an additional 56 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Packaging Corporation of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after buying an additional 57 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings 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 buying an additional 57 shares in the last quarter. Finally, Cary Street Partners Financial LLC grew its holdings in shares of Packaging Corporation of America by 0.7% during the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock worth $1,735,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PKG shares. Wells Fargo & Company raised their price target on 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. JPMorgan Chase & Co. started 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 for the company. Zacks Research upgraded Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Truist Financial raised their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a "buy" rating in a research note on Monday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $229.50.

Packaging Corporation of America Stock Performance

PKG opened at $209.57 on Thursday. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.24 and a beta of 0.91. The business has a 50 day moving average of $210.32 and a 200-day moving average of $198.60. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the firm posted $2.20 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is presently 49.90%.

Insiders Place Their Bets

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on 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 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 trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

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.

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