Wealth Enhancement Advisory Services LLC Trims Stake in Packaging Corporation of America $PKG

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,924 shares of the industrial products company’s stock after selling 2,539 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Packaging Corporation of America were worth $6,125,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PKG. Cornerstone Planning Group LLC boosted its position 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 acquiring an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America during the 3rd quarter worth $31,000. 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. NBT Bank N A NY bought a new stake in Packaging Corporation of America during the third quarter valued at about $41,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the sale, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $212.25 on Friday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The company has a market cap of $18.93 billion, a PE ratio of 24.77, a P/E/G ratio of 1.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The business has a 50-day simple moving average of $225.50 and a two-hundred day simple moving average of $213.24.

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

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s payout ratio is presently 58.34%.

Analysts Set New Price Targets

A number of brokerages have commented on PKG. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. 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. Truist Financial decreased their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average price target of $236.00.

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.