Ashton Thomas Private Wealth LLC Has $439,000 Position in Packaging Corporation of America $PKG

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Packaging Corporation of America by 35.1%, holding a total of 2,201 shares valued at $439,000 after selling 1,189 shares.
• Packaging Corporation of America recently declared a quarterly dividend of $1.25 per share, yielding 2.3%, with a payout ratio of 49.90%.
• Research analysts have a consensus rating of "Moderate Buy" for Packaging Corporation of America, with an average price target of $215.40.

Ashton Thomas Private Wealth LLC cut its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 35.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,201 shares of the industrial products company's stock after selling 1,189 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Packaging Corporation of America were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in Packaging Corporation of America by 31.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 564,397 shares of the industrial products company's stock worth $111,762,000 after purchasing an additional 134,234 shares during the last quarter. Resources Management Corp CT ADV increased its stake in shares of Packaging Corporation of America by 8.7% in the 1st quarter. Resources Management Corp CT ADV now owns 14,537 shares of the industrial products company's stock valued at $2,879,000 after purchasing an additional 1,159 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Packaging Corporation of America during the 1st quarter worth $486,000. Talon Private Wealth LLC grew its position in Packaging Corporation of America by 5,732.2% during the 1st quarter. Talon Private Wealth LLC now owns 11,781 shares of the industrial products company's stock worth $2,351,000 after acquiring an additional 11,579 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in Packaging Corporation of America by 188.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 30,129 shares of the industrial products company's stock worth $5,966,000 after acquiring an additional 19,667 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research reports. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Citigroup raised their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. UBS Group raised 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. Wells Fargo & Company raised their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, Truist Financial lowered their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $215.40.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America 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 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 of the company's stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Packaging Corporation of America Stock Down 0.6%

PKG traded down $1.23 during trading on Tuesday, hitting $210.58. The stock had a trading volume of 175,609 shares, compared to its average volume of 846,081. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The stock has a 50 day simple moving average of $205.14 and a two-hundred day simple moving average 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 capitalization of $18.95 billion, a PE ratio of 21.02, a PEG ratio of 1.88 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, research analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued 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 2.4%. Packaging Corporation of America's payout ratio is 49.90%.

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.