1,993 Shares in Packaging Corporation of America $PKG Acquired by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has acquired 1,993 shares of Packaging Corporation of America (NYSE: PKG), valued at approximately $371,000, as part of its investment strategy in the 2nd quarter.
• CEO Mark W. Kowlzan sold 25,000 shares at an average price of $215.97, resulting in a substantial decrease of 5.41% in his ownership, which is now valued at over $94 million.
• Analysts have raised their price targets for Packaging Corporation of America, with UBS Group setting a new target at $220.00 and Citigroup at $214.00, reflecting a generally positive outlook on the stock.

Baader Bank Aktiengesellschaft acquired a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,993 shares of the industrial products company's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Trust LLC grew its stake in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 57 shares in the last quarter. TCTC Holdings LLC grew its position in 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 acquiring an additional 70 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America during the first quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after purchasing an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PKG has been the topic of a number of recent research reports. UBS Group raised their target price 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 lifted their price target 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. Citigroup lifted their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their target price for the company from $245.00 to $205.00 in a research note on Monday, June 16th. Finally, Truist Financial lifted their price target on Packaging Corporation of America from $238.00 to $262.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of "Moderate Buy" and an average price target of $220.20.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG traded up $2.08 during midday trading on Tuesday, hitting $214.79. 34,960 shares of the company's stock were exchanged, compared to its average volume of 840,766. The firm has a market capitalization of $19.33 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.87. The company's 50 day moving average price is $205.90 and its 200 day moving average price is $196.76. 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 has a 12 month low of $172.71 and a 12 month high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating 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 firm 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 firm earned $2.20 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

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

Insiders Place Their Bets

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