Advisors Asset Management Inc. Cuts Stock Position in Packaging Corporation of America $PKG

Key Points

• Advisors Asset Management Inc. has reduced its stake in Packaging Corporation of America (NYSE: PKG) by 40.2% during the first quarter, owning 4,430 shares valued at $877,000.
• Several institutional investors have significantly changed their positions in PKG recently, with 89.78% of the stock owned by such entities while notable increases include Clearstead Trust LLC with a 118.6% stake increase.
• Packaging Corporation of America recently announced a quarterly dividend of $1.25 per share, equating to an annualized dividend yield of 2.3% with a payout ratio of 49.90%.

Advisors Asset Management Inc. cut its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,430 shares of the industrial products company's stock after selling 2,980 shares during the quarter. Advisors Asset Management Inc.'s holdings in Packaging Corporation of America were worth $877,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Clearstead Trust LLC raised its stake 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 valued at $26,000 after buying an additional 70 shares during the period. TCTC Holdings LLC raised its stake 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 valued at $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Packaging Corporation of America in the first quarter valued at $39,000. 1 North Wealth Services LLC bought a new stake in shares of Packaging Corporation of America in the first quarter valued at $40,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Packaging Corporation of America in the first quarter valued at $40,000. 89.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock traded down $3.29 during midday trading on Monday, hitting $211.87. 786,380 shares of the company's stock were exchanged, compared to its average volume of 836,783. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The stock has a 50-day moving average price of $205.14 and a two-hundred day moving average price of $196.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The company has a market cap of $19.06 billion, a P/E ratio of 21.14, a PEG ratio of 1.88 and a beta of 0.87.

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 EPS for the quarter, topping 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 business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The firm'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 forecast 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given 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 payout ratio is presently 49.90%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PKG shares. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Truist Financial decreased their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the company from $245.00 to $205.00 in a research note on Monday, June 16th. UBS Group boosted their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Citigroup boosted their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.40.

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.