FORA Capital LLC Purchases 2,824 Shares of Packaging Corporation of America $PKG

FORA Capital LLC grew its position in shares of Packaging Corporation of America (NYSE:PKG) by 23.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,887 shares of the industrial products company’s stock after purchasing an additional 2,824 shares during the period. FORA Capital LLC’s holdings in Packaging Corporation of America were worth $2,805,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC increased 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 acquiring an additional 57 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Packaging Corporation of America in the second quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its position in shares of Packaging Corporation of America by 40.4% in the first 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 during the last quarter. 1 North Wealth Services LLC bought a new stake in Packaging Corporation of America during the first quarter valued at approximately $40,000. Finally, First Horizon Advisors Inc. lifted its position in Packaging Corporation of America by 150.5% during the second quarter. First Horizon Advisors Inc. now owns 278 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of 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. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 8th. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $230.67.

Packaging Corporation of America Stock Down 0.3%

PKG opened at $204.76 on Friday. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $242.68. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $202.08 and its 200-day moving average price is $202.49. The company has a market cap of $18.42 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.50 and a beta of 0.89.

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 return on equity of 19.72% and a net margin of 10.18%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm earned $2.65 earnings per share. Packaging Corporation of America’s revenue for the quarter was up 6.0% on a year-over-year basis. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.

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.