Packaging Corporation of America $PKG Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 151.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,843 shares of the industrial products company's stock after buying an additional 2,915 shares during the period. Sequoia Financial Advisors LLC's holdings in Packaging Corporation of America were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Packaging Corporation of America by 6.6% during 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 buying an additional 202,755 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock worth $601,755,000 after buying an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $468,045,000 after purchasing an additional 1,229,219 shares during the period. Ameriprise Financial Inc. boosted its holdings in 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 valued at $377,347,000 after purchasing an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 valued at $247,240,000 after purchasing an additional 60,710 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group decreased their target price on Packaging Corporation of America from $226.00 to $225.00 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company lifted their target price on 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. Zacks Research upgraded Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. JPMorgan Chase & Co. started coverage on 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. Finally, Citigroup raised 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 investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $229.33.

Packaging Corporation of America Price Performance

Shares of PKG opened at $203.45 on Friday. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The stock's 50 day moving average is $210.67 and its two-hundred day moving average is $198.67. The firm has a market capitalization of $18.31 billion, a PE ratio of 20.30, a P/E/G ratio of 1.20 and a beta of 0.91. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America's payout ratio is currently 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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