Packaging Corporation of America $PKG Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Packaging Corporation of America by 27.3%, selling 12,200 shares, leaving it with 32,430 shares valued at approximately $6.15 million.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, scheduled for payment on October 15th, indicating a 2.4% dividend yield.
• Several large investors including JPMorgan and Charles Schwab increased their stakes in Packaging Corporation of America, demonstrating strong institutional interest in the company.

KLP Kapitalforvaltning AS decreased its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 27.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,430 shares of the industrial products company's stock after selling 12,200 shares during the period. KLP Kapitalforvaltning AS's holdings in Packaging Corporation of America were worth $6,146,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $648,061,000 after acquiring an additional 202,755 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 46.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company's stock valued at $601,755,000 after purchasing an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Packaging Corporation of America by 108.4% in the 1st 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 position in shares of Packaging Corporation of America by 2.6% in the 1st 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 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 valued at $247,240,000 after acquiring an additional 60,710 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the firm's stock in a transaction 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 owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Packaging Corporation of America Stock Down 2.2%

PKG stock opened at $206.84 on Friday. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The stock has a market capitalization of $18.61 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91. 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 company has a fifty day moving average of $209.33 and a 200-day moving average of $198.36.

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, beating analysts' consensus estimates of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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 was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend 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 analyst reports. JPMorgan Chase & Co. assumed coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They issued an "overweight" rating and a $242.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Zacks Research upgraded shares of Packaging Corporation of America from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Citigroup increased their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Finally, UBS Group increased their target price on shares of Packaging Corporation of America from $220.00 to $226.00 and gave the stock 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 given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of "Moderate Buy" and a consensus price target of $229.17.

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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