Rep. Julie Johnson Buys Packaging Corporation of America (NYSE:PKG) Shares

Key Points

• Representative Julie Johnson purchased shares of Packaging Corporation of America (NYSE:PKG), investing between $1,001 and $15,000 on August 4th, as reported in a filing made on September 11th.
• The company announced a quarterly dividend of $1.25 per share, set to be paid on October 15th, which represents an annualized yield of 2.4%.
• Analysts have varying ratings on PKG, with an average price target of $215.40, indicating a moderate buy outlook overall.

Representative Julie Johnson (D-Texas) recently bought shares of Packaging Corporation of America NYSE: PKG. In a filing disclosed on September 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Packaging Corporation of America stock on August 4th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

Packaging Corporation of America Stock Performance

NYSE:PKG traded down $3.29 during trading hours on Monday, reaching $211.87. The stock had a trading volume of 786,380 shares, compared to its average volume of 849,983. 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 stock has a 50 day simple moving average of $204.93 and a 200 day simple moving average of $196.53. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The stock has a market cap of $19.06 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced 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. This represents a $5.00 dividend on an annualized basis and a 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%.

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 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 sale, the chief executive officer owned 437,378 shares of the company's stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Packaging Corporation of America

Institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. purchased a new position in shares of Packaging Corporation of America in the 1st quarter worth $2,127,000. Sowell Financial Services LLC bought a new stake in Packaging Corporation of America during the first quarter valued at about $309,000. Wealth Enhancement Advisory Services LLC raised its holdings in Packaging Corporation of America by 5.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock valued at $5,671,000 after acquiring an additional 1,531 shares during the period. Brookstone Capital Management raised its holdings in Packaging Corporation of America by 718.0% during the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company's stock valued at $1,997,000 after acquiring an additional 8,853 shares during the period. Finally, First United Bank & Trust bought a new stake in Packaging Corporation of America during the first quarter valued at about $289,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PKG has been the subject of a number of recent analyst reports. Wells Fargo & Company upped 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. UBS Group upped their price target on 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. Jefferies Financial Group lowered Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price target for the company from $245.00 to $205.00 in a research report on Monday, June 16th. Truist Financial lowered their price target on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Citigroup upped their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $215.40.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.