Packaging Corporation of America $PKG Shares Sold by JLB & Associates Inc.

Key Points

• JLB & Associates Inc. reduced their stake in Packaging Corporation of America to 78,843 shares, which represents a 2.5% decrease during the second quarter.
• Packaging Corporation of America's CEO, Mark W. Kowlzan, sold 25,000 shares at an average price of $215.97, reducing his ownership by 5.41%.
• The company recently declared a quarterly dividend of $1.25 per share, leading to a 2.3% dividend yield and a payout ratio of 49.90%.

JLB & Associates Inc. cut its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,843 shares of the industrial products company's stock after selling 2,015 shares during the quarter. Packaging Corporation of America accounts for 2.1% of JLB & Associates Inc.'s holdings, making the stock its 21st largest holding. JLB & Associates Inc. owned approximately 0.09% of Packaging Corporation of America worth $14,858,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PKG. Clearstead Trust LLC increased its stake in Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after purchasing an additional 70 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 57 shares in the last quarter. TCTC Holdings LLC increased 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 purchased a new stake in Packaging Corporation of America during the 1st quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company'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 completion of the transaction, the chief executive officer owned 437,378 shares in the company, valued at $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Trading Up 0.1%

PKG opened at $216.11 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The company has a market cap of $19.45 billion, a P/E ratio of 21.57, a PEG ratio of 1.86 and a beta of 0.87. The business's 50-day simple moving average is $207.27 and its 200-day simple moving average is $197.40.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly 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. 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 the consensus estimate of $2.18 billion. During the same period in the prior year, the company posted $2.20 earnings per share. The firm'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. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is currently 49.90%.

Analysts Set New Price Targets

PKG has been the subject of several research reports. Citigroup boosted their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Zacks Research raised Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday. Wells Fargo & Company increased their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 price objective for the company. Finally, UBS Group upped their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $223.83.

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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