Praxis Investment Management Inc. Sells 1,160 Shares of Packaging Corporation of America $PKG

Praxis Investment Management Inc. decreased its holdings in Packaging Corporation of America (NYSE:PKG) by 32.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,430 shares of the industrial products company’s stock after selling 1,160 shares during the quarter. Praxis Investment Management Inc.’s holdings in Packaging Corporation of America were worth $458,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its position in Packaging Corporation of America by 18.0% in the 2nd quarter. Ritholtz Wealth Management now owns 6,319 shares of the industrial products company’s stock valued at $1,191,000 after acquiring an additional 964 shares in the last quarter. Harbour Investments Inc. lifted its position in Packaging Corporation of America by 25.3% in the 2nd quarter. Harbour Investments Inc. now owns 292 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 59 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $108,000. Sagespring Wealth Partners LLC bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $218,000. Finally, TD Asset Management Inc lifted its position in shares of Packaging Corporation of America by 45.1% during the 2nd quarter. TD Asset Management Inc now owns 76,919 shares of the industrial products company’s stock worth $14,495,000 after buying an additional 23,915 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PKG. Truist Financial lifted their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Citigroup lifted 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. Wells Fargo & Company lifted 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $229.33.

Packaging Corporation of America Trading Down 0.9%

Shares of PKG stock opened at $203.45 on Friday. The company has a 50 day moving average of $210.67 and a 200-day moving average of $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. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $250.82. The firm has a market cap of $18.31 billion, a P/E ratio of 20.30, a PEG ratio of 1.19 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly 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. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business posted $2.20 EPS. Packaging Corporation of America’s quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Packaging Corporation of America’s payout ratio is 49.90%.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the business’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. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Profile

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.