Corient Private Wealth LLC Cuts Stock Position in Packaging Corporation of America $PKG

Corient Private Wealth LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG) by 30.1% in the second quarter, HoldingsChannel.com reports. The fund owned 87,071 shares of the industrial products company’s stock after selling 37,452 shares during the period. Corient Private Wealth LLC’s holdings in Packaging Corporation of America were worth $16,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its position in shares of Packaging Corporation of America by 72.2% during 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its position 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 valued at $39,000 after buying an additional 57 shares during the period. 1 North Wealth Services LLC purchased a new position in Packaging Corporation of America in the 1st quarter valued at approximately $40,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Packaging Corporation of America in the second quarter worth $44,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Down 0.7%

PKG opened at $202.18 on Thursday. Packaging Corporation of America has a one year low of $172.71 and a one year high of $242.68. The company has a market cap of $18.19 billion, a P/E ratio of 20.44, a PEG ratio of 1.49 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 business’s 50-day simple moving average is $201.55 and its 200-day simple moving average is $202.71.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.Packaging Corporation of America’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. As a group, 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 issued a $1.25 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PKG. Citigroup lifted their target price 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 increased their price target on Packaging Corporation of America from $262.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Zacks Research cut shares of Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Packaging Corporation of America 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.