Wealth Enhancement Advisory Services LLC Reduces Stock Position in Packaging Corporation of America $PKG

Wealth Enhancement Advisory Services LLC lessened its holdings in Packaging Corporation of America (NYSE:PKG) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,694 shares of the industrial products company’s stock after selling 945 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Packaging Corporation of America were worth $5,602,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC increased its holdings in Packaging Corporation of America by 118.6% in the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after buying an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the last quarter. TCTC Holdings LLC increased its holdings in Packaging Corporation of America by 86.4% in the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Packaging Corporation of America in the first quarter valued at $39,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

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 approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Truist Financial raised their price objective on Packaging Corporation of America from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. UBS Group raised 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. JPMorgan Chase & Co. assumed coverage on Packaging Corporation of America in a report on Wednesday. They set an “overweight” rating and a $242.00 price objective on the stock. Citigroup raised 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. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $223.83.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $215.18 on Thursday. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The business’s 50-day moving average price is $206.44 and its 200 day moving average price is $197.00. The firm has a market cap of $19.36 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.86 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.18 billion. During the same quarter last year, the company posted $2.20 earnings per share. The business’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, equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend 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 (DPR) is currently 49.90%.

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.