EverSource Wealth Advisors LLC Grows Stake in Packaging Corporation of America $PKG

EverSource Wealth Advisors LLC increased its position in Packaging Corporation of America (NYSE:PKG) by 50.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,958 shares of the industrial products company’s stock after acquiring an additional 2,651 shares during the period. EverSource Wealth Advisors LLC’s holdings in Packaging Corporation of America were worth $1,689,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC increased its position in shares of Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 48 shares during the last quarter. River Street Advisors LLC lifted its stake in shares of Packaging Corporation of America by 1.0% in the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after purchasing an additional 51 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after buying an additional 52 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after buying an additional 54 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew 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 buying an additional 57 shares during the period. Hedge funds and other institutional investors 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 9,266 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on PKG shares. Truist Financial upped their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. UBS Group dropped their price target on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Finally, Bank of America raised their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $261.57.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $248.50 on Friday. The stock has a market capitalization of $22.14 billion, a PE ratio of 32.27, a P/E/G ratio of 2.36 and a beta of 0.80. The business has a 50 day simple moving average of $230.69 and a two-hundred day simple moving average of $223.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $258.81.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s payout ratio is currently 77.92%.

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.