Envestnet Asset Management Inc. Has $37.78 Million Holdings in Packaging Corporation of America $PKG

Envestnet Asset Management Inc. increased its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,483 shares of the industrial products company’s stock after acquiring an additional 13,809 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of Packaging Corporation of America worth $37,781,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PKG. Jacobs Levy Equity Management Inc. bought a new stake in Packaging Corporation of America during the 1st quarter worth about $2,127,000. Brookstone Capital Management lifted its position in shares of Packaging Corporation of America by 718.0% during the first quarter. Brookstone Capital Management now owns 10,086 shares of the industrial products company’s stock worth $1,997,000 after purchasing an additional 8,853 shares in the last quarter. Commerce Bank grew its stake in shares of Packaging Corporation of America by 27.7% during the first quarter. Commerce Bank now owns 69,401 shares of the industrial products company’s stock valued at $13,743,000 after purchasing an additional 15,041 shares during the last quarter. Spectrum Wealth Counsel LLC bought a new stake in shares of Packaging Corporation of America during the first quarter valued at approximately $3,854,000. Finally, JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 964,085 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America 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 transaction, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

Shares of PKG opened at $195.89 on Friday. The stock has a market cap 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 has a 1 year low of $172.71 and a 1 year high of $250.82. The stock’s 50-day moving average price is $211.52 and its two-hundred day moving average price 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 (NYSE:PKG) last announced its quarterly 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). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.98%. The company 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 earnings per share. 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. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th were issued a $1.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is 50.56%.

Analysts Set New Price Targets

PKG has been the topic of several research reports. UBS Group upped their price objective 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. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $200.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Citigroup raised their price target on Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Truist Financial lifted their price objective on Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Zacks Research downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” 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.