IFP Advisors Inc Purchases 178 Shares of Packaging Corporation of America $PKG

by · The Cerbat Gem

IFP Advisors Inc raised its holdings in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 13.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,509 shares of the industrial products company’s stock after purchasing an additional 178 shares during the period. IFP Advisors Inc’s holdings in Packaging Corporation of America were worth $288,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PKG. Clearstead Trust LLC lifted its holdings in Packaging Corporation of America by 118.6% during the first quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock worth $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 57 shares in the last quarter. TCTC Holdings LLC lifted its stake in shares of Packaging Corporation of America by 86.4% during the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Packaging Corporation of America during the 1st quarter worth $39,000. Finally, Geneos Wealth Management Inc. boosted its position 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 purchasing an additional 57 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on PKG shares. Wells Fargo & Company increased their price target on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Wednesday, October 8th. Truist Financial raised their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday. Citigroup lifted their price target on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. began coverage on Packaging Corporation of America in a report on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $229.33.

View Our Latest Analysis on Packaging Corporation of America

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $205.38 on Friday. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The business’s 50 day moving average price is $210.53 and its 200 day moving average price is $198.65. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The firm has a market cap of $18.48 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.23 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s payout ratio is presently 49.90%.

About Packaging Corporation of America

(Free Report)

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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