Packaging Corporation of America (NYSE:PKG) Short Interest Update
by Kim Johansen · The Markets DailyPackaging Corporation of America (NYSE:PKG – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,602,271 shares, a decline of 17.7% from the December 15th total of 3,162,660 shares. Based on an average daily trading volume, of 771,845 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.9% of the shares of the company are short sold. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 771,845 shares, the days-to-cover ratio is currently 3.4 days.
Institutional Trading of Packaging Corporation of America
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its holdings in Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the third quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America during the second quarter worth $33,000. Geneos Wealth Management Inc. grew its stake in Packaging Corporation of America by 40.4% during the first 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 in the last quarter. Finally, NBT Bank N A NY bought a new stake in Packaging Corporation of America in the 3rd quarter valued at $41,000. Institutional investors own 89.78% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on PKG shares. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company raised Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $222.00 to $233.00 in a report on Tuesday, January 6th. JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, UBS Group raised their price objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average target price of $236.17.
View Our Latest Research Report on Packaging Corporation of America
Packaging Corporation of America Stock Performance
Packaging Corporation of America stock traded down $4.19 during midday trading on Tuesday, hitting $217.14. The stock had a trading volume of 409,460 shares, compared to its average volume of 715,947. The firm’s fifty day moving average is $205.15 and its two-hundred day moving average is $205.94. The company has a market capitalization of $19.54 billion, a PE ratio of 21.96, a P/E/G ratio of 1.68 and a beta of 0.88. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $242.68. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share 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 analysts’ expectations of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. Packaging Corporation of America’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current year.
Packaging Corporation of America Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio is 50.56%.
Packaging Corporation of America Company 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.