Packaging Corporation of America $PKG Shares Sold by Huntington National Bank

Huntington National Bank lowered its stake in shares of Packaging Corporation of America (NYSE:PKG) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,817 shares of the industrial products company’s stock after selling 374 shares during the quarter. Huntington National Bank’s holdings in Packaging Corporation of America were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in PKG. Price T Rowe Associates Inc. MD grew its position in shares of Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after buying an additional 1,229,219 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Packaging Corporation of America by 46.5% during the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock worth $601,755,000 after buying an additional 964,085 shares in the last quarter. Select Equity Group L.P. grew its position in shares of Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after buying an additional 367,933 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Packaging Corporation of America during the first quarter worth approximately $66,091,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Packaging Corporation of America by 377.1% during the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after buying an additional 207,244 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Stock Performance

PKG stock opened at $199.12 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.44 and a beta of 0.91. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The stock’s fifty day moving average is $210.66 and its two-hundred day moving average is $200.30.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid 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 currently 50.56%.

Analysts Set New Price Targets

A number of research firms have commented on PKG. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price objective for the company. Citigroup lifted their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price objective on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. UBS Group lifted their price objective on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Zacks Research downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $230.17.

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.