Moran Wealth Management LLC Sells 2,525 Shares of Packaging Corporation of America $PKG

Key Points

• Moran Wealth Management LLC sold 2,525 shares of Packaging Corporation of America, reducing its holdings by 4.1% to 59,775 shares, valued at $11,265,000.
• Several major investors, including JPMorgan Chase & Co. and Price T Rowe Associates Inc., increased their investments in Packaging Corporation of America, highlighting strong institutional interest in the company.
• The company declared a quarterly dividend of $1.25 per share, representing an annualized payout of $5.00 and a yield of 2.4%.

Moran Wealth Management LLC reduced its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,775 shares of the industrial products company's stock after selling 2,525 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Packaging Corporation of America worth $11,265,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased 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 in the last quarter. JPMorgan Chase & Co. increased 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 in the last quarter. Price T Rowe Associates Inc. MD increased 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 in the last quarter. Ameriprise Financial Inc. increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly 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 SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of research reports. Zacks Research upgraded Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Wells Fargo & Company increased their price objective on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 7th. UBS Group increased their price objective on Packaging Corporation of America from $220.00 to $226.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Finally, Truist Financial increased their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a "buy" rating in a report on Monday. Two research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $229.50.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $207.77 on Tuesday. The stock has a 50 day moving average price of $209.62 and a 200 day moving average price of $198.43. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The stock has a market capitalization of $18.70 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The business's quarterly revenue 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. Analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America's dividend payout ratio is 49.90%.

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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