Wesbanco Bank Inc. Buys Shares of 5,116 Packaging Corporation of America $PKG

Key Points

• Wesbanco Bank Inc. has acquired a new stake in Packaging Corporation of America, purchasing 5,116 shares valued at approximately $964,000 during the second quarter.
• Several institutional investors have increased their positions in the company, with institutional ownership now at 89.78% of Packaging Corporation of America's stock.
• Packaging Corporation of America recently reported $2.48 earnings per share for the last quarter, surpassing analysts' expectations and indicating a revenue increase of 4.7% year-over-year.

Wesbanco Bank Inc. purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,116 shares of the industrial products company's stock, valued at approximately $964,000.

A number of other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $648,061,000 after acquiring an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 valued at $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Packaging Corporation of America by 108.4% during 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 acquiring an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Packaging Corporation of America by 2.6% during 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 acquiring an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Packaging Corporation of America by 5.1% during 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 last quarter. Institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PKG. UBS Group upped their price target on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Truist Financial cut their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Citigroup increased their price objective on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and cut their price objective for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average price target of $215.40.

Packaging Corporation of America Stock Down 1.5%

Packaging Corporation of America stock opened at $211.87 on Tuesday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $250.82. The stock has a market cap of $19.06 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The firm's 50-day simple moving average is $205.14 and its 200 day simple moving average is $196.52. 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 (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America's payout ratio is currently 49.90%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated 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 sale, the chief executive officer owned 437,378 shares of the company's stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

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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