Cwm LLC Has $2.65 Million Stake in Packaging Corporation of America $PKG

Key Points

• Cwm LLC increased its stake in Packaging Corporation of America by 19.5%, now holding shares valued at approximately $2.65 million.
• Packaging Corporation of America reported earnings of $2.48 per share in its latest quarter, surpassing expectations and reflecting a 4.7% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $1.25 per share, offering a 2.5% dividend yield with a payout ratio of 49.90%.

Cwm LLC increased its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 19.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,058 shares of the industrial products company's stock after buying an additional 2,294 shares during the period. Cwm LLC's holdings in Packaging Corporation of America were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC raised its position in shares of Packaging Corporation of America by 118.6% in the first 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% 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 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% in the first 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. Trust Co. of Toledo NA OH acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $33,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $39,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Down 0.9%

Shares of NYSE:PKG opened at $203.45 on Friday. The company has a fifty day moving average of $210.67 and a 200-day moving average of $198.65. The company has a market capitalization of $18.31 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $2.17 billion during 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 business earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America's dividend payout ratio is 49.90%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 437,378 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. began 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 price target for the company. Wells Fargo & Company upped their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. UBS Group cut their target price on Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating for the company in a research note on Thursday. Citigroup upped their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of "Moderate Buy" and a consensus price target of $229.33.

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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