GRIMES & Co WEALTH MANAGEMENT LLC Makes New $4.66 Million Investment in Packaging Corporation of America $PKG

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC bought a new position of 22,615 shares of Packaging Corporation of America, valued at approximately $4.66 million during the fourth quarter.
• Packaging Corp. reported $2.40 EPS for the quarter (vs. $2.17 consensus) with revenue of $2.37 billion, up 10.6% YoY, and pays a quarterly dividend of $1.25 (annualized $5.00, ~2.2% yield).
• Institutional investors own about 89.78% of the stock, and analysts have a consensus rating of Moderate Buy with an average price target of $234.29.

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,615 shares of the industrial products company's stock, valued at approximately $4,664,000.

Several other institutional investors have also recently made changes to their positions in PKG. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company's stock worth $484,000 after acquiring an additional 48 shares during the last quarter. River Street Advisors LLC increased its holdings in shares of Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company's stock worth $1,106,000 after acquiring an additional 51 shares during the last quarter. Argent Advisors Inc. increased its holdings in shares of Packaging Corporation of America by 1.9% during the 3rd quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company's stock worth $622,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank increased its holdings in shares of Packaging Corporation of America by 11.0% during the 3rd quarter. Eastern Bank now owns 555 shares of the industrial products company's stock worth $121,000 after acquiring an additional 55 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company's stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $223.43 on Friday. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a twelve month low of $178.32 and a twelve month high of $249.51. The company has a market cap of $19.89 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.04 and a beta of 0.81. The business has a fifty day simple moving average of $215.30 and a 200 day simple moving average of $213.13.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company earned $2.31 EPS. Packaging Corporation of America's revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, sell-side analysts forecast that Packaging Corporation of America will post 10.84 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America's dividend payout ratio is currently 60.83%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Packaging Corporation of America from $234.00 to $226.00 and set an "overweight" rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Citigroup cut their target price on Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Truist Financial reiterated a "buy" rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Finally, UBS Group upped their target price on Packaging Corporation of America from $225.00 to $232.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $234.29.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.

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