OLD Second National Bank of Aurora Sells 248 Shares of Packaging Corporation of America $PKG

OLD Second National Bank of Aurora trimmed its stake in shares of Packaging Corporation of America (NYSE:PKG) by 2.6% during the second quarter, HoldingsChannel.com reports. The firm owned 9,182 shares of the industrial products company’s stock after selling 248 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Packaging Corporation of America were worth $1,730,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC grew its holdings in 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 buying an additional 70 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in Packaging Corporation of America by 72.2% in the 2nd 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 in the last quarter. TCTC Holdings LLC lifted its stake in Packaging Corporation of America by 86.4% in the 1st quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 70 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Packaging Corporation of America in the 1st quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. lifted its stake in 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 purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PKG shares. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Zacks Research upgraded Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and lowered their target price for the company from $245.00 to $205.00 in a research note on Monday, June 16th. UBS Group raised their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Finally, Citigroup increased their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $223.83.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was 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 in the company, valued at $94,460,526.66. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $215.29 on Friday. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. The company has a fifty day moving average of $207.88 and a 200-day moving average of $197.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.32 and a current ratio of 3.54.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 49.90%.

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.