Forum Financial Management LP Has $398,000 Holdings in Packaging Corporation of America $PKG

Forum Financial Management LP raised its position in Packaging Corporation of America (NYSE:PKG) by 18.2% in the second quarter, HoldingsChannel reports. The fund owned 2,111 shares of the industrial products company’s stock after purchasing an additional 325 shares during the quarter. Forum Financial Management LP’s holdings in Packaging Corporation of America were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC grew its stake 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 acquiring an additional 70 shares during the period. Bruce G. Allen Investments LLC grew its stake 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 acquiring an additional 57 shares during the period. TCTC Holdings LLC grew its stake 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 acquiring an additional 70 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. boosted its position 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 valued at $39,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PKG. JPMorgan Chase & Co. began coverage on Packaging Corporation of America in a research report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 target price on the stock. Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Truist Financial lifted their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Citigroup lifted their target price on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, UBS Group lifted their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $230.17.

Packaging Corporation of America Stock Down 4.1%

PKG stock opened at $204.56 on Friday. The stock’s fifty day simple moving average is $211.76 and its two-hundred day simple moving average is $199.60. 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 has a 1-year low of $172.71 and a 1-year high of $250.82. The stock has a market cap of $18.41 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.20 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm posted $2.65 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s payout ratio is currently 50.56%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s 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 of the company’s stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

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.