Colonial Trust Advisors Sells 266 Shares of Packaging Corporation of America $PKG

Colonial Trust Advisors cut its holdings in Packaging Corporation of America (NYSE:PKG) by 8.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,978 shares of the industrial products company’s stock after selling 266 shares during the quarter. Colonial Trust Advisors’ holdings in Packaging Corporation of America were worth $561,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Packaging Corporation of America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock valued at $2,111,452,000 after purchasing an additional 176,811 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Packaging Corporation of America by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after buying an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after buying an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD grew its position in Packaging Corporation of America by 108.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after buying an additional 1,229,219 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Packaging Corporation of America by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock worth $377,347,000 after buying an additional 47,558 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Packaging Corporation of America stock opened at $204.07 on Friday. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. The stock has a market cap of $18.36 billion, a PE ratio of 20.63, a P/E/G ratio of 1.44 and a beta of 0.92. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $249.88. The business’s 50-day moving average price is $205.26 and its two-hundred day moving average price is $201.92.

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

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $215.97, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on PKG. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Truist Financial boosted their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Citigroup upped their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. started coverage on shares of Packaging Corporation of America in a report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $230.17.

About Packaging Corporation of America

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.