Clear Creek Financial Management LLC Decreases Stake in Packaging Corporation of America $PKG

Clear Creek Financial Management LLC reduced its stake in shares of Packaging Corporation of America (NYSE:PKG) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,920 shares of the industrial products company’s stock after selling 191 shares during the period. Clear Creek Financial Management LLC’s holdings in Packaging Corporation of America were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PKG. Price T Rowe Associates Inc. MD boosted its position in shares of Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after purchasing an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after purchasing an additional 964,085 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Packaging Corporation of America by 114.5% during the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after purchasing an additional 367,933 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Packaging Corporation of America during the 1st quarter worth $66,091,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Packaging Corporation of America by 377.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction of $5,399,250.00. Following the completion of the transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $206.84 on Friday. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average is $209.33 and its two-hundred day moving average is $198.35. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its earnings results 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 company had revenue of $2.17 billion for 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 period in the prior year, the firm earned $2.20 EPS. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Analyst Ratings Changes

Several research firms recently commented on PKG. UBS Group boosted their price objective on shares of Packaging Corporation of America from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Citigroup boosted 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 report on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Truist Financial boosted their price objective on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $229.17.

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.