Packaging Corporation of America $PKG Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Packaging Corporation of America (NYSE:PKG) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,625 shares of the industrial products company’s stock after selling 2,462 shares during the period. Moran Wealth Management LLC’s holdings in Packaging Corporation of America were worth $11,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PKG. Cornerstone Planning Group LLC raised 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 worth $25,000 after buying an additional 59 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the third quarter valued at about $31,000. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $39,000 after acquiring an additional 57 shares during the period. NBT Bank N A NY acquired a new position in shares of Packaging Corporation of America during the third quarter worth about $41,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 57 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PKG. Truist Financial reduced their price objective on shares of Packaging Corporation of America from $270.00 to $267.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup cut their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday. Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. UBS Group decreased their price target on Packaging Corporation of America from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Packaging Corporation of America in a report on Wednesday, April 1st. They set a “hold” rating and a $225.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $230.00.

Packaging Corporation of America Trading Up 2.8%

Shares of Packaging Corporation of America stock opened at $213.38 on Friday. Packaging Corporation of America has a 12-month low of $176.45 and a 12-month high of $249.51. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. The stock has a market cap of $19.00 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.88 and a beta of 0.90. The company has a 50-day moving average of $220.79 and a two-hundred day moving average of $212.67.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results 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 firm had revenue of $2.36 billion for 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%.Packaging Corporation of America’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s payout ratio is currently 58.34%.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction on 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 sale, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America 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.