Representative Julie Johnson (D-Texas) recently bought shares of Packaging Corporation of America NYSE: PKG. In a filing disclosed on August 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Packaging Corporation of America stock on July 25th. 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 Seagate Technology NASDAQ: STX on 7/29/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
- Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 7/25/2025.
- Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 7/25/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/25/2025.
- Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/24/2025.
- Sold $1,001 - $15,000 in shares of Philip Morris International NYSE: PM on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 7/22/2025.
- Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/22/2025.
Packaging Corporation of America Stock Down 1.6%
Shares of NYSE PKG opened at $193.46 on Friday. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The business's fifty day moving average price is $196.95 and its 200-day moving average price is $196.45. The stock has a market capitalization of $17.41 billion, a PE ratio of 19.31, a P/E/G ratio of 2.27 and a beta of 0.85.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results 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. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently issued reports on PKG shares. Truist Financial dropped their price objective on Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Citigroup increased their price objective on Packaging Corporation of America from $197.00 to $214.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company increased their price objective on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. UBS Group increased their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group cut Packaging Corporation of America from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $215.40.
Check Out Our Latest Stock Report on Packaging Corporation of America
Hedge Funds Weigh In On Packaging Corporation of America
A number of institutional investors have recently added to or reduced their stakes in PKG. Clearstead Trust LLC increased its stake in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock worth $26,000 after acquiring an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company's stock worth $26,000 after acquiring an additional 57 shares during the last quarter. TCTC Holdings LLC increased its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock worth $30,000 after acquiring an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Packaging Corporation of America in the 2nd quarter worth about $33,000. Finally, Alpine Bank Wealth Management bought a new position in Packaging Corporation of America in the 1st quarter worth about $39,000. 89.78% of the stock is currently owned by institutional investors.
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
(
Get Free Report)
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.
Further Reading
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