Chevy Chase Trust Holdings LLC Has $8.89 Million Holdings in Packaging Corporation of America $PKG

Chevy Chase Trust Holdings LLC lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,190 shares of the industrial products company’s stock after acquiring an additional 408 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Packaging Corporation of America worth $8,893,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Forza Wealth Management LLC grew its stake in Packaging Corporation of America by 2.8% during the second quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock worth $391,000 after buying an additional 56 shares in the last quarter. Manchester Capital Management LLC grew its stake in Packaging Corporation of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock worth $40,000 after buying an additional 57 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after buying an additional 57 shares in the last quarter. Finally, Cary Street Partners Financial LLC grew its stake in Packaging Corporation of America by 0.7% during the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock worth $1,735,000 after buying an additional 59 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PKG. Citigroup increased their price objective on shares of 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. started coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price for the company. Finally, Truist Financial increased their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.33.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Packaging Corporation of America Stock Down 0.9%

PKG stock opened at $203.45 on Monday. The firm has a 50-day moving average price of $210.67 and a 200-day moving average price of $198.72. The stock has a market capitalization of $18.31 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

Packaging Corporation of America 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.