AEGON ASSET MANAGEMENT UK Plc Sells 30,719 Shares of Packaging Corporation of America $PKG

Key Points

• AEGON ASSET MANAGEMENT UK Plc has reduced its stake in Packaging Corporation of America by 39%, now holding 48,023 shares worth approximately $9.05 million.
• CEO Mark W. Kowlzan sold 25,000 shares of the company for over $5.3 million, resulting in a 5.41% decrease in his ownership.
• Analysts have mixed ratings for Packaging Corporation of America, with target prices ranging from $222 to $264, while the company recently announced a quarterly dividend of $1.25 per share.

AEGON ASSET MANAGEMENT UK Plc cut its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 39.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,023 shares of the industrial products company's stock after selling 30,719 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.05% of Packaging Corporation of America worth $9,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Forza Wealth Management LLC raised its position in shares of Packaging Corporation of America by 2.8% during the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company's stock valued at $391,000 after buying an additional 56 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Packaging Corporation of America by 39.0% during the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after buying an additional 57 shares in the last quarter. Geneos Wealth Management Inc. raised its position 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 buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock valued at $26,000 after buying an additional 57 shares in the last quarter. Finally, Cary Street Partners Financial LLC raised its position in shares of Packaging Corporation of America by 0.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock valued at $1,735,000 after buying an additional 59 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Packaging Corporation of America

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company lifted their target price on shares of 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. JPMorgan Chase & Co. assumed coverage on shares of Packaging Corporation of America in a research report on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 target price on the stock. UBS Group lifted their target price on shares of Packaging Corporation of America from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $229.50.

Packaging Corporation of America Trading Down 0.6%

Shares of PKG opened at $209.57 on Thursday. The firm's 50-day moving average price is $210.32 and its 200-day moving average price is $198.60. The firm has a market capitalization 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 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 - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

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

About Packaging Corporation of America

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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