Koshinski Asset Management Inc. Sells 1,334 Shares of Packaging Corporation of America $PKG

Key Points

• Koshinski Asset Management Inc. reduced its stake in Packaging Corporation of America (PKG) by 37.8%, selling 1,334 shares and leaving them with 2,194 shares worth approximately $414,000.
• Several institutional investors, including JPMorgan Chase & Co., raised their holdings in PKG significantly during the first quarter, indicating strong institutional interest in the stock.
• The company's stock performance showed a 52-week range between $172.71 and $250.82, with a current market cap of $18.52 billion and a recent earnings per share of $2.48, surpassing analyst expectations.

Koshinski Asset Management Inc. lowered its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 37.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,194 shares of the industrial products company's stock after selling 1,334 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Packaging Corporation of America were worth $414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company's stock worth $648,061,000 after acquiring an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 worth $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Packaging Corporation of America by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company's stock worth $377,347,000 after acquiring an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Packaging Corporation of America by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company's stock worth $247,240,000 after acquiring an additional 60,710 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group dropped their target price on shares of Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating for the company in a report on Thursday, October 16th. Wells Fargo & Company raised their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an "equal weight" rating in a report on Tuesday, October 7th. Citigroup raised their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a "neutral" rating in a report on Monday, October 6th. Truist Financial raised their price objective on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a "buy" rating in a report on Monday, October 13th. Finally, Zacks Research upgraded shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Packaging Corporation of America currently has an average rating of "Moderate Buy" and an average target price of $229.33.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $205.86 on Tuesday. The company has a market capitalization of $18.52 billion, a PE ratio of 20.55, a P/E/G ratio of 1.19 and a beta of 0.91. The company has a 50 day simple moving average of $210.85 and a two-hundred day simple moving average of $198.88. 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 fifty-two week low of $172.71 and a fifty-two week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The business 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 quarter in the prior year, the firm posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America's dividend payout ratio 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 that occurred 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 sale, the chief executive officer owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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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