Graves Light Lenhart Wealth Inc. Trims Stock Position in Packaging Corporation of America $PKG

Graves Light Lenhart Wealth Inc. trimmed its stake in Packaging Corporation of America (NYSE:PKG) by 21.8% in the third quarter, HoldingsChannel.com reports. The firm owned 10,155 shares of the industrial products company’s stock after selling 2,839 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Packaging Corporation of America were worth $2,328,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PKG. Ancora Advisors LLC acquired a new position in shares of Packaging Corporation of America in the second quarter worth approximately $1,001,000. PNC Financial Services Group Inc. boosted its holdings in Packaging Corporation of America by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock valued at $15,634,000 after acquiring an additional 5,355 shares during the last quarter. Heartland Advisors Inc. increased its position in Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after purchasing an additional 12,621 shares during the period. Benjamin Edwards Inc. increased its position in Packaging Corporation of America by 29.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 50,737 shares of the industrial products company’s stock valued at $12,092,000 after purchasing an additional 11,540 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in Packaging Corporation of America during the 2nd quarter worth approximately $3,449,000. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Price Performance

Shares of PKG opened at $229.56 on Friday. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The business’s 50 day moving average price is $240.98 and its two-hundred day moving average price is $229.03. The firm has a market cap of $20.45 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.75.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.45 EPS for the current 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 $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Packaging Corporation of America’s payout ratio is 77.92%.

Insider Buying and Selling at Packaging Corporation of America

In other news, VP Donald Shirley sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Hassfurther sold 7,063 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president directly owned 202,891 shares in the company, valued at $51,534,314. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 40,391 shares of company stock valued at $10,196,101. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PKG shares. UBS Group dropped their price target on shares of Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial increased their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Bank of America lowered their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, September 11th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Finally, Wells Fargo & Company dropped their target price on shares of Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.43.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.