Conning Inc. Acquires 4,440 Shares of Packaging Corporation of America $PKG

Key Points

• Conning Inc. increased its holdings in Packaging Corporation of America by 2.6%, acquiring an additional 4,440 shares during the second quarter, bringing their total to 172,871 shares valued at approximately $32.58 million.
• Institutional investors control 89.78% of the company's stock, with significant boosts in holdings from firms like Price T Rowe Associates and JPMorgan Chase, indicating strong interest in Packaging Corporation of America.
• Analysts have varying ratings for the stock, with a current consensus of "Moderate Buy" and a price target average of $229.17, reflecting confidence in the company as it sets its Q3 2025 guidance.

Conning Inc. grew its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,871 shares of the industrial products company's stock after acquiring an additional 4,440 shares during the quarter. Conning Inc. owned 0.19% of Packaging Corporation of America worth $32,578,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PKG. Price T Rowe Associates Inc. MD boosted its position in shares of Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company's stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after acquiring an additional 964,085 shares during the period. Select Equity Group L.P. boosted its position in shares of Packaging Corporation of America by 114.5% in the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company's stock valued at $136,486,000 after acquiring an additional 367,933 shares during the period. Nuveen LLC acquired a new position in Packaging Corporation of America in the first quarter valued at about $66,091,000. Finally, Assenagon Asset Management S.A. raised its stake in Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company's stock valued at $49,412,000 after purchasing an additional 207,244 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

PKG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Packaging Corporation of America from $200.00 to $222.00 and gave the company an "equal weight" rating in a research note on Tuesday. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 price target for the company. Finally, Citigroup boosted their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.17.

Packaging Corporation of America Stock Down 2.2%

Shares of NYSE PKG opened at $206.84 on Friday. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.82 and a beta of 0.91. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The stock has a 50-day moving average price of $209.33 and a two-hundred day moving average price of $198.36.

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 the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts forecast 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. Shareholders of record on Monday, September 15th will be paid 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 yield of 2.4%. Packaging Corporation of America's payout ratio is presently 49.90%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

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.

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