Packaging Corporation of America $PKG Shares Bought by Aviva PLC

Aviva PLC grew its stake in Packaging Corporation of America (NYSE:PKG) by 419.7% in the second quarter, Holdings Channel reports. The fund owned 17,341 shares of the industrial products company’s stock after purchasing an additional 14,004 shares during the period. Aviva PLC’s holdings in Packaging Corporation of America were worth $3,268,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Forza Wealth Management LLC grew its holdings in shares of Packaging Corporation of America by 2.8% during the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC increased its position in shares of 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 valued at $40,000 after acquiring an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake 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 valued at $26,000 after acquiring an additional 57 shares during the period. Geneos Wealth Management Inc. lifted its holdings 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 acquiring an additional 57 shares during the last quarter. Finally, Cary Street Partners Financial LLC boosted its position in shares of Packaging Corporation of America by 0.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock worth $1,735,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $200.58 on Thursday. The company’s 50 day simple moving average is $209.07 and its 200-day simple moving average is $200.83. The firm has a market cap of $18.05 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. 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 earnings results 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 net margin of 10.18% and a return on equity of 19.98%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm earned $2.65 EPS. The firm’s revenue 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. As a group, equities analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 yield of 2.5%. Packaging Corporation of America’s payout ratio is presently 50.56%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PKG. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Truist Financial increased their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Citigroup increased 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. JPMorgan Chase & Co. assumed coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective for the company. Finally, Wall Street Zen lowered shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $230.17.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.