US Bancorp DE Decreases Holdings in Packaging Corporation of America $PKG

US Bancorp DE lowered its stake in Packaging Corporation of America (NYSE:PKG) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,305 shares of the industrial products company’s stock after selling 2,403 shares during the period. US Bancorp DE’s holdings in Packaging Corporation of America were worth $7,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PKG. Clearstead Trust LLC raised its holdings in shares of Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC grew its position 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 valued at $26,000 after buying an additional 57 shares during the period. TCTC Holdings LLC grew its position in shares of 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 purchasing an additional 70 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at about $39,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 2.2%

PKG stock opened at $206.84 on Monday. The company has a fifty day moving average price of $209.33 and a 200 day moving average price of $198.35. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth 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 (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. Packaging Corporation of America’s revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

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

Analyst Ratings Changes

PKG has been the topic of a number of recent research reports. Zacks Research upgraded shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a research note on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Jefferies Financial Group cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and dropped their price objective for the company from $245.00 to $205.00 in a report on Monday, June 16th. Finally, Truist Financial lifted their price objective on shares of Packaging Corporation of America from $238.00 to $262.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Two equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.17.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $94,460,526.66. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

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.