NorthRock Partners LLC Acquires New Holdings in Packaging Corporation of America $PKG

Key Points

• NorthRock Partners LLC has acquired a new stake in Packaging Corporation of America, purchasing 1,285 shares valued at approximately $243,000. This acquisition is part of a trend where several institutional investors have increased their holdings in the company.
• Packaging Corporation of America reported earnings of $2.48 EPS for the quarter, surpassing analysts' expectations, and a net margin of 10.47% with a year-over-year revenue increase of 4.7%.
• In its latest quarterly dividend, the company paid out $1.25 per share, translating to an annualized dividend yield of 2.4%, balanced by a payout ratio of 49.90%.

NorthRock Partners LLC acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,285 shares of the industrial products company's stock, valued at approximately $243,000.

A number of other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Packaging Corporation of America by 4.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,074 shares of the industrial products company's stock valued at $1,145,000 after purchasing an additional 236 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Packaging Corporation of America by 151.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,843 shares of the industrial products company's stock valued at $913,000 after purchasing an additional 2,915 shares during the period. MGO One Seven LLC grew its holdings in Packaging Corporation of America by 8.2% during the second quarter. MGO One Seven LLC now owns 1,361 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 103 shares during the period. CWM LLC grew its holdings in Packaging Corporation of America by 19.5% during the second quarter. CWM LLC now owns 14,058 shares of the industrial products company's stock valued at $2,649,000 after purchasing an additional 2,294 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Packaging Corporation of America by 22.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,936 shares of the industrial products company's stock valued at $2,062,000 after purchasing an additional 1,985 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $205.38 on Friday. The company's fifty day simple moving average is $210.53 and its 200-day simple moving average is $198.65. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The firm has a market cap of $18.48 billion, a PE ratio of 20.50, a P/E/G ratio of 1.23 and a beta of 0.91. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America's payout ratio is currently 49.90%.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business's stock in a transaction on Thursday, September 11th. The shares were 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 $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PKG. 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. UBS Group cut their price target on shares of Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $229.33.

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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