Bessemer Group Inc. Sells 555 Shares of Packaging Corporation of America $PKG

Bessemer Group Inc. lessened its position in Packaging Corporation of America (NYSE:PKG) by 15.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,934 shares of the industrial products company’s stock after selling 555 shares during the period. Bessemer Group Inc.’s holdings in Packaging Corporation of America were worth $553,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Forza Wealth Management LLC grew its position in Packaging Corporation of America by 2.8% in the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 56 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Packaging Corporation of America by 39.0% in the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the last quarter. Geneos Wealth Management Inc. increased its position 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 worth $39,000 after acquiring an additional 57 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its position in shares of Packaging Corporation of America by 0.7% during the first quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock worth $1,735,000 after acquiring an additional 59 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $195.89 on Friday. The business’s fifty day simple moving average is $211.52 and its 200 day simple moving average is $200.08. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $250.82. The firm has a market capitalization of $17.63 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91.

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

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 50.56%.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total value of $5,399,250.00. Following the sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Truist Financial raised their target price on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a report on Monday, October 13th. UBS Group upped their price target on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. JPMorgan Chase & Co. initiated coverage on Packaging Corporation of America in a research note on Wednesday, September 24th. They set an “overweight” rating and a $242.00 price objective on the stock. Finally, Zacks Research lowered shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.