Earnest Partners LLC Sells 6,712 Shares of Packaging Corporation of America $PKG

Earnest Partners LLC decreased its holdings in Packaging Corporation of America (NYSE:PKG) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 268,309 shares of the industrial products company’s stock after selling 6,712 shares during the period. Earnest Partners LLC’s holdings in Packaging Corporation of America were worth $58,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its stake in shares of 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. NBT Bank N A NY purchased a new position in Packaging Corporation of America in the 3rd quarter valued at approximately $41,000. Cary Street Partners Investment Advisory LLC raised its holdings in Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 57 shares during the period. Geneos Wealth Management Inc. raised its holdings in Packaging Corporation of America by 40.4% during the 1st 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 during the period. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of Packaging Corporation of America during the third quarter worth $44,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PKG shares. UBS Group raised their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Citigroup lifted their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company upped their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Packaging Corporation of America Stock Up 0.5%

PKG opened at $215.10 on Monday. The firm has a market capitalization of $19.19 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. Packaging Corporation of America has a one year low of $172.71 and a one year high of $249.51. The company has a fifty day moving average price of $226.57 and a 200-day moving average price of $213.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 58.34%.

Insider Activity

In other news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

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.