MQS Management LLC Decreases Holdings in Packaging Corporation of America $PKG

MQS Management LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG) by 60.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,417 shares of the industrial products company’s stock after selling 2,175 shares during the period. MQS Management LLC’s holdings in Packaging Corporation of America were worth $267,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Clearstead Trust LLC grew its position in shares of 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 buying an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of 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 buying an additional 57 shares during the last quarter. TCTC Holdings LLC grew its position in shares of 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 buying an additional 70 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Packaging Corporation of America by 40.4% in the 1st 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 during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target 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. JPMorgan Chase & Co. assumed coverage on Packaging Corporation of America in a research report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price target on the stock. Citigroup lifted their price target 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. UBS Group lifted their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.17.

Packaging Corporation of America Stock Up 0.9%

PKG stock opened at $206.68 on Tuesday. The stock has a market capitalization of $18.60 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The business has a fifty day moving average price of $212.01 and a 200-day moving average price of $199.80.

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

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were given a dividend of $1.25 per share. The ex-dividend date was 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 currently 50.56%.

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.