Lmcg Investments LLC Has $10.15 Million Stock Position in Packaging Corporation of America $PKG

Key Points

• Lmcg Investments LLC reduced its stake in Packaging Corporation of America by 5.5%, worth approximately $10.15 million at the end of the most recent quarter.
• The company's stock has a market capitalization of $18.61 billion, with a price-to-earnings ratio of 20.64 and a reported quarterly earnings per share (EPS) of $2.48.
• Packaging Corporation of America recently announced a quarterly dividend of $1.25 per share, translating to an annualized dividend of $5.00 and a yield of 2.4%.

Lmcg Investments LLC lowered its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,868 shares of the industrial products company's stock after selling 3,116 shares during the quarter. Lmcg Investments LLC owned about 0.06% of Packaging Corporation of America worth $10,151,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Clearstead Trust LLC lifted its stake in shares of Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 70 shares during the period. Bruce G. Allen Investments LLC raised its stake in Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock worth $26,000 after buying an additional 57 shares during the period. TCTC Holdings LLC raised its stake in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after buying an additional 70 shares during the period. Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the 1st quarter worth $39,000. Finally, Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock worth $39,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

PKG opened at $206.84 on Friday. The business's 50-day moving average price is $209.33 and its two-hundred day moving average price is $198.36. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion for 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%.Packaging Corporation of America's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America's payout ratio is currently 49.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PKG. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Truist Financial raised their price objective on Packaging Corporation of America from $238.00 to $262.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. UBS Group raised their price objective on Packaging Corporation of America from $220.00 to $226.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Finally, Citigroup lifted 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 analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $229.17.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America 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 sale, the chief executive officer owned 437,378 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

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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