Ascent Group LLC Decreases Holdings in Packaging Corporation of America $PKG

Key Points

• Ascent Group LLC decreased its holdings in Packaging Corporation of America by 14.8% during the 2nd quarter, selling 2,089 shares and now holding 12,021 shares valued at approximately $2.3 million.
• Packaging Corporation of America reported earnings of $2.48 EPS for the most recent quarter, exceeding analysts' expectations, with total revenue of $2.17 billion.
• The company recently announced a quarterly dividend of $1.25 per share, reflecting an annualized dividend yield of 2.3%.

Ascent Group LLC trimmed its holdings in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,021 shares of the industrial products company's stock after selling 2,089 shares during the quarter. Ascent Group LLC's holdings in Packaging Corporation of America were worth $2,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PKG. Clearstead Trust LLC raised its position in shares of Packaging Corporation of America by 118.6% during the 1st 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 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. TCTC Holdings LLC raised its position in shares of Packaging Corporation of America by 86.4% during the 1st 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 in the last quarter. Alpine Bank Wealth Management bought a new position in Packaging Corporation of America during the 1st quarter valued at about $39,000. Finally, Geneos Wealth Management Inc. grew its holdings in 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 purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $214.75 on Friday. 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 company has a market capitalization of $19.32 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.84 and a beta of 0.91. The company's 50-day simple moving average is $208.05 and its two-hundred day simple moving average is $197.90. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PKG shares. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price target for the company from $245.00 to $205.00 in a report on Monday, June 16th. Wells Fargo & Company upped their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Zacks Research upgraded shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. UBS Group upped their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Packaging Corporation of America in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $223.83.

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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