Packaging Corporation of America $PKG Shares Purchased by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC increased its stake in Packaging Corporation of America (PKG) by 224.1% during the 2nd quarter, now holding shares worth approximately $716,000.
• Analysts have mixed views on PKG, with UBS lowering their price target to $225.00, while Wells Fargo increased it to $222.00, and Zacks upgraded the stock to a "strong-buy."
• Packaging Corporation of America announced a quarterly dividend of $1.25 per share, representing an annualized dividend yield of 2.4%.

Fiduciary Family Office LLC increased its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 224.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,799 shares of the industrial products company's stock after purchasing an additional 2,627 shares during the period. Fiduciary Family Office LLC's holdings in Packaging Corporation of America were worth $716,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $2,127,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Packaging Corporation of America by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after purchasing an additional 1,531 shares during the last quarter. Brookstone Capital Management raised its position in shares of Packaging Corporation of America by 718.0% during the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock worth $1,997,000 after purchasing an additional 8,853 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Packaging Corporation of America by 11.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 250,197 shares of the industrial products company's stock worth $49,544,000 after purchasing an additional 25,471 shares during the last quarter. Finally, Consolidated Planning Corp acquired a new position in shares of Packaging Corporation of America during the 1st quarter worth approximately $1,125,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PKG has been the subject of a number of research reports. UBS Group reduced 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. Weiss Ratings restated a "buy (b-)" rating on shares of Packaging Corporation of America in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of 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. 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. Finally, Truist Financial raised their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Two equities research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $229.33.

Insider Activity

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction 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 $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Trading Up 1.2%

Packaging Corporation of America stock opened at $205.86 on Tuesday. The company has a 50 day moving average price of $210.85 and a 200 day moving average price of $198.88. 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 firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.19 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted 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 firm had revenue of $2.17 billion during 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 company's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was 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 dividend payout ratio (DPR) 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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