Packaging Corporation of America $PKG Stock Holdings Increased by NewSquare Capital LLC
by Teresa Graham · The Cerbat GemNewSquare Capital LLC increased its holdings in Packaging Corporation of America (NYSE:PKG – Free Report) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,369 shares of the industrial products company’s stock after purchasing an additional 1,829 shares during the quarter. NewSquare Capital LLC’s holdings in Packaging Corporation of America were worth $7,099,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new position in Packaging Corporation of America during the first quarter valued at approximately $2,127,000. Brookstone Capital Management grew its position in Packaging Corporation of America by 718.0% during the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company’s stock valued at $1,997,000 after purchasing an additional 8,853 shares in the last quarter. Commerce Bank grew its position in Packaging Corporation of America by 27.7% during the first quarter. Commerce Bank now owns 69,401 shares of the industrial products company’s stock valued at $13,743,000 after purchasing an additional 15,041 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new position in Packaging Corporation of America during the first quarter valued at approximately $3,854,000. Finally, JPMorgan Chase & Co. grew its position in Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PKG has been the subject of several recent research reports. Wells Fargo & Company boosted their target price 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. JPMorgan Chase & Co. initiated coverage on shares of Packaging Corporation of America in a research report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price for the company. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. UBS Group boosted their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Citigroup boosted their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America currently has an average rating of “Hold” and a consensus target price of $230.17.
Insider Buying and Selling
In related 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 directly owned 437,378 shares in the company, valued at $94,460,526.66. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.
Packaging Corporation of America Price Performance
Shares of Packaging Corporation of America stock opened at $195.28 on Tuesday. The firm has a fifty day simple moving average of $211.18 and a 200-day simple moving average of $200.23. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $250.82. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.44 and a beta of 0.91.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Packaging Corporation of America’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.
About Packaging Corporation of America
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.
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