Vivid Wealth Management LLC Takes $2.34 Million Position in Packaging Corporation of America $PKG

Vivid Wealth Management LLC purchased a new stake in Packaging Corporation of America (NYSE:PKG) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 11,039 shares of the industrial products company’s stock, valued at approximately $2,343,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PKG. Integrated Wealth Concepts LLC lifted its stake in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after buying an additional 1,252 shares in the last quarter. Empowered Funds LLC increased its position in shares of Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock worth $1,248,000 after acquiring an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 57 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 537 shares during the period. Finally, Cresset Asset Management LLC raised its holdings in shares of Packaging Corporation of America by 17.0% during the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PKG shares. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Citigroup reduced their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Packaging Corporation of America Trading Down 0.1%

NYSE PKG opened at $237.99 on Friday. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $249.51. The firm’s fifty day simple moving average is $223.82 and its 200-day simple moving average is $220.12. The company has a market capitalization of $21.21 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

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.