Janney Montgomery Scott LLC Sells 9,028 Shares of Packaging Corporation of America $PKG

Key Points

• Janney Montgomery Scott LLC reduced its stake in Packaging Corporation of America by 19.5%, selling 9,028 shares and now holds 37,254 shares valued at approximately $7.02 million.
• Recent analyst ratings for Packaging Corporation of America show mixed forecasts, with Zacks upgrading the stock to a strong-buy while Jefferies downgraded it to a hold.
• CEO Mark W. Kowlzan sold 25,000 shares for over $5.39 million, reducing his ownership by 5.41%, highlighting significant insider activity.

Janney Montgomery Scott LLC decreased its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,254 shares of the industrial products company's stock after selling 9,028 shares during the quarter. Janney Montgomery Scott LLC's holdings in Packaging Corporation of America were worth $7,021,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC grew its stake in shares of Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock worth $40,000 after acquiring an additional 57 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake 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 worth $26,000 after acquiring an additional 57 shares during the last quarter. Cary Street Partners Financial LLC grew its stake in shares of Packaging Corporation of America by 0.7% in the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company's stock worth $1,735,000 after acquiring an additional 59 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Packaging Corporation of America by 4.8% in the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company's stock worth $256,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of recent research reports. Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their target price for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Citigroup increased their price objective 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. Truist Financial increased their price objective on Packaging Corporation of America from $238.00 to $262.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Finally, UBS Group increased their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $223.83.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer owned 437,378 shares of the company's stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Stock Down 0.4%

NYSE PKG opened at $214.75 on Monday. The stock's 50-day moving average price is $208.05 and its 200-day moving average price is $197.90. 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 52 week low of $172.71 and a 52 week high of $250.82. The company has a market capitalization of $19.32 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the company earned $2.20 earnings per share. The business's revenue for the quarter 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. On average, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a $1.25 dividend. 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 49.90%.

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.

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