Adams Wealth Management Sells 2,979 Shares of Packaging Corporation of America $PKG

Adams Wealth Management lessened its stake in Packaging Corporation of America (NYSE:PKG) by 63.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,708 shares of the industrial products company’s stock after selling 2,979 shares during the period. Adams Wealth Management’s holdings in Packaging Corporation of America were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its position in shares of Packaging Corporation of America by 19.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,136 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 183 shares during the period. Horizon Investments LLC raised its stake in shares of Packaging Corporation of America by 4.8% in the first quarter. Horizon Investments LLC now owns 1,291 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 59 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Packaging Corporation of America by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock worth $247,240,000 after purchasing an additional 60,710 shares during the period. Aberdeen Group plc boosted its stake in Packaging Corporation of America by 44.8% during the first quarter. Aberdeen Group plc now owns 44,804 shares of the industrial products company’s stock worth $8,823,000 after buying an additional 13,860 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Packaging Corporation of America by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,832 shares of the industrial products company’s stock valued at $759,000 after buying an additional 195 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $204.76 on Monday. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $242.68. The stock has a market capitalization of $18.42 billion, a PE ratio of 20.70, a PEG ratio of 1.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The stock’s fifty day moving average is $202.08 and its 200-day moving average is $202.56.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.29 billion. Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 earnings per share. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on PKG. Citigroup lifted their target price on shares of 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. Truist Financial lifted 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. Zacks Research lowered Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $230.67.

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.