2,839 Packaging Corporation of America $PKG Shares Sold by Graves Light Lenhart Wealth Inc.

by · The Cerbat Gem

Graves Light Lenhart Wealth Inc. lowered its stake in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 21.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,155 shares of the industrial products company’s stock after selling 2,839 shares during the quarter. Graves Light Lenhart Wealth Inc.’s holdings in Packaging Corporation of America were worth $2,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors bought a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at $36,000. Oslo Pensjonsforsikring AS bought a new position in shares of Packaging Corporation of America in the first quarter worth $41,000. Keating Financial Advisory Services Inc. bought a new position in shares of Packaging Corporation of America in the second quarter worth $41,000. Cedar Mountain Advisors LLC raised its stake in Packaging Corporation of America by 2,300.0% in the first quarter. Cedar Mountain Advisors LLC now owns 216 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 207 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Packaging Corporation of America in the second quarter valued at about $58,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $229.56 on Friday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The firm has a market capitalization of $20.45 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.95 and a beta of 0.75. The company’s 50 day moving average price is $240.98 and its two-hundred day moving average price is $229.03.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business earned $2.48 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is presently 77.92%.

Insider Transactions at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Hassfurther sold 12,531 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the sale, the president owned 218,751 shares in the company, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 40,391 shares of company stock valued at $10,196,101. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PKG shares. UBS Group reduced their price objective on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a research note on Monday. Truist Financial boosted their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Bank of America cut their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a report on Friday, September 11th. Citigroup cut their price target on shares of Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Finally, Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.43.

Read Our Latest Stock Analysis on Packaging Corporation of America

About Packaging Corporation of America

(Free Report)

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.

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