Moran Wealth Management LLC Lowers Position in Packaging Corporation of America $PKG

Moran Wealth Management LLC lessened its stake in shares of Packaging Corporation of America (NYSE:PKG) by 4.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 53,419 shares of the industrial products company’s stock after selling 2,206 shares during the period. Moran Wealth Management LLC’s holdings in Packaging Corporation of America were worth $11,337,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PKG. DV Equities LLC purchased a new position in shares of Packaging Corporation of America during the 4th quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the 3rd quarter valued at approximately $31,000. Covestor Ltd increased its holdings in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Finally, Navalign LLC bought a new stake in Packaging Corporation of America during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Citigroup reduced their price objective on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Truist Financial restated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Finally, UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Down 0.1%

Shares of PKG opened at $237.99 on Friday. The business’s 50 day moving average is $223.82 and its 200 day moving average is $220.12. The company has a market capitalization of $21.21 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company posted $2.31 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts expect that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is presently 72.99%.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.