Concurrent Investment Advisors LLC Has $1.16 Million Stock Holdings in Packaging Corporation of America $PKG

Concurrent Investment Advisors LLC decreased its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 79.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,855 shares of the industrial products company’s stock after selling 18,539 shares during the period. Concurrent Investment Advisors LLC’s holdings in Packaging Corporation of America were worth $1,157,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. NEOS Investment Management LLC lifted its stake in Packaging Corporation of America by 15.2% in the second quarter. NEOS Investment Management LLC now owns 14,000 shares of the industrial products company’s stock valued at $3,336,000 after buying an additional 1,844 shares during the period. Nykredit A S bought a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at $6,203,000. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Packaging Corporation of America by 11.2% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 38,547 shares of the industrial products company’s stock valued at $9,185,000 after acquiring an additional 3,884 shares in the last quarter. Legacy Financial Advisors Inc. acquired a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $224,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $239,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG opened at $232.92 on Friday. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.31 and a beta of 0.78. The company’s fifty day moving average price is $241.82 and its two-hundred day moving average price is $227.43. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

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, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. Packaging Corporation of America’s payout ratio is 77.92%.

Insider Buying and Selling

In other news, President Thomas Hassfurther sold 7,063 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Donald Shirley sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PKG shares. Citigroup raised their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Truist Financial upped their price objective 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. Bank of America increased their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group raised their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.