Mark Kowlzan Sells 25,000 Shares of Packaging Corporation of America (NYSE:PKG) Stock

Key Points

• CEO Mark Kowlzan sold 25,000 shares of Packaging Corporation of America at an average price of $215.97, resulting in a total transaction value of $5,399,250.
• The company reported a quarterly EPS of $2.48, exceeding the consensus estimate by $0.04, and had a revenue of $2.17 billion for the quarter.
• Packaging Corporation of America declared a quarterly dividend of $1.25 per share, representing a dividend yield of 2.3%, which will be paid on October 15th.

Packaging Corporation of America (NYSE:PKG - Get Free Report) CEO Mark Kowlzan sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 437,378 shares in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Packaging Corporation of America Trading Down 0.4%

Packaging Corporation of America stock traded down $0.83 during trading on Monday, reaching $213.07. 240,713 shares of the company were exchanged, compared to its average volume of 846,731. The stock's 50 day simple moving average is $204.93 and its two-hundred day simple moving average is $196.53. The company has a market capitalization of $19.17 billion, a P/E ratio of 21.26, a PEG ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. The company'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. On average, equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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 dividend of $1.25 per share. The ex-dividend date is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America's dividend payout ratio is currently 49.90%.

Institutional Trading of Packaging Corporation of America

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Packaging Corporation of America during the 1st quarter valued at approximately $2,127,000. Sowell Financial Services LLC acquired a new stake in shares of Packaging Corporation of America in the 1st quarter worth $309,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Packaging Corporation of America by 5.6% in 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 acquiring an additional 1,531 shares during the period. Brookstone Capital Management lifted its stake in shares of Packaging Corporation of America by 718.0% in the 1st quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock worth $1,997,000 after acquiring an additional 8,853 shares during the period. Finally, First United Bank & Trust acquired a new stake in shares of Packaging Corporation of America in the 1st quarter worth $289,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PKG has been the topic of a number of recent analyst reports. Truist Financial decreased their target price 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. UBS Group lifted their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Citigroup raised their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company boosted their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One investment 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. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of "Moderate Buy" and a consensus price target of $215.40.

Packaging Corporation of America Company 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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