Packaging Corporation of America $PKG Stock Position Raised by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors raised its stake in Packaging Corporation of America by 243.9% in Q4, adding 13,363 shares to hold 18,841 shares worth about $3.886 million.
• PKG beat Q1 EPS estimates with $2.40 (vs. $2.17 expected) though revenue missed at $2.37B, the company guided Q2 EPS to 2.330, and analysts have a consensus Moderate Buy rating with a $228.86 average target.
• President Thomas A. Hassfurther sold 12,129 shares for roughly $2.8 million, reducing his ownership by 5.8%, and the company recently paid a quarterly dividend of $1.25 (annualized $5.00, ~2.4% yield).

Concurrent Investment Advisors LLC lifted its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 243.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,841 shares of the industrial products company's stock after acquiring an additional 13,363 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Packaging Corporation of America were worth $3,886,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock worth $25,000 after buying an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America in the third quarter worth $31,000. Geneos Wealth Management Inc. boosted its position in shares of Packaging Corporation of America by 40.4% in the first 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 during the period. NBT Bank N A NY acquired a new stake in shares of Packaging Corporation of America in the third quarter worth $41,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company's stock worth $43,000 after buying an additional 57 shares during the period. 89.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on PKG shares. Citigroup decreased their target price on Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. Zacks Research raised Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 6th. UBS Group decreased their target price on Packaging Corporation of America from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Argus raised Packaging Corporation of America to a "strong-buy" rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Packaging Corporation of America in a research report on Wednesday, April 1st. They issued a "hold" rating and a $225.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America has an average rating of "Moderate Buy" and a consensus target price of $228.86.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Packaging Corporation of America Price Performance

PKG opened at $212.70 on Tuesday. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.92 and a beta of 0.90. Packaging Corporation of America has a 1 year low of $178.30 and a 1 year high of $249.51. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. The stock has a fifty day moving average price of $216.94 and a 200 day moving average price of $212.55.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.23. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts forecast that Packaging Corporation of America will post 10.83 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America's dividend payout ratio (DPR) is 60.83%.

About Packaging Corporation of America

Packaging Corporation of America NYSE: PKG is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.

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