Packaging Corporation of America $PKG Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its stake in shares of Packaging Corporation of America (NYSE:PKG) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,196 shares of the industrial products company’s stock after purchasing an additional 1,215 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Packaging Corporation of America were worth $5,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Forza Wealth Management LLC lifted its stake in shares of Packaging Corporation of America by 2.8% in the second quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC increased its holdings in Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of Packaging Corporation of America by 72.2% during 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 position in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares during the period. Finally, Cary Street Partners Financial LLC boosted its stake 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 acquiring an additional 59 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer directly owned 437,378 shares in the company, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Up 1.2%

Shares of PKG stock opened at $200.51 on Monday. The company has a market capitalization of $18.04 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.44 and a beta of 0.92. 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 firm has a 50-day moving average price of $209.94 and a 200 day moving average price of $200.62. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.Packaging Corporation of America’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PKG. Wall Street Zen downgraded Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial upped their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a report on Monday, October 13th. Citigroup raised 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. 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. Finally, UBS Group increased their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.17.

Packaging Corporation of America Company 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.