NewSquare Capital LLC Has $7.10 Million Holdings in Packaging Corporation of America $PKG

NewSquare Capital LLC boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,369 shares of the industrial products company’s stock after purchasing an additional 1,829 shares during the quarter. NewSquare Capital LLC’s holdings in Packaging Corporation of America were worth $7,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC increased its holdings in Packaging Corporation of America by 118.6% in the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after buying an additional 70 shares during the period. Bruce G. Allen Investments LLC increased its holdings in 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 valued at $26,000 after buying an additional 57 shares during the period. TCTC Holdings LLC increased its holdings in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after buying an additional 70 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America in the 2nd quarter valued at $33,000. Finally, Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. UBS Group increased their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Truist Financial increased 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. Finally, Wells Fargo & Company increased 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $230.17.

Packaging Corporation of America Stock Down 0.2%

Shares of NYSE:PKG opened at $195.28 on Tuesday. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The company’s 50-day moving average price is $211.18 and its two-hundred day moving average price is $200.23. 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 $17.57 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.44 and a beta of 0.91.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.98% and a net margin of 10.18%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $2.65 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the transaction, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $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 hyperlink. Company insiders own 1.50% of the company’s stock.

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.