Moran Wealth Management LLC Has $11.27 Million Stake in Packaging Corporation of America $PKG

Moran Wealth Management LLC trimmed its holdings in Packaging Corporation of America (NYSE:PKG) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,775 shares of the industrial products company’s stock after selling 2,525 shares during the period. Moran Wealth Management LLC’s holdings in Packaging Corporation of America were worth $11,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PKG. Clearstead Trust LLC lifted its holdings in Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Packaging Corporation of America by 72.2% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC lifted its holdings in Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Finally, Alpine Bank Wealth Management acquired a new stake in Packaging Corporation of America during the 1st quarter worth approximately $39,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction 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 trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Up 0.5%

Shares of PKG opened at $207.77 on Tuesday. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The business’s fifty day moving average is $209.62 and its 200-day moving average is $198.43. 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 firm has a market cap of $18.70 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.21 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating 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 company 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 EPS. The company’s revenue for the quarter 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. Equities analysts anticipate that Packaging Corporation of America will post 10.44 EPS 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 paid a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 49.90%.

Analysts Set New Price Targets

Several research firms recently weighed in on PKG. Jefferies Financial Group cut Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their price target for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. began coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price objective on the stock. Finally, Citigroup raised their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.50.

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.