Donoghue Forlines LLC Invests $1.44 Million in Packaging Corporation of America $PKG

Donoghue Forlines LLC purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,623 shares of the industrial products company’s stock, valued at approximately $1,437,000.

A number of other large investors have also added to or reduced their stakes in the company. Clearstead Trust LLC boosted its position in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in Packaging Corporation of America by 72.2% in the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the last quarter. TCTC Holdings LLC raised its stake in Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 70 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Packaging Corporation of America during the second quarter valued at $33,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Citigroup upped their price objective on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Zacks Research cut Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. UBS Group boosted their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. started coverage on Packaging Corporation of America in a research report on Wednesday, September 24th. They issued an “overweight” rating and a $242.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.17.

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 dated 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 completion of the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $199.21 on Friday. The stock has a 50 day moving average price of $208.72 and a 200 day moving average price of $200.82. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54. The firm has a market capitalization of $17.92 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.44 and a beta of 0.92.

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

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 50.56%.

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.