Burney Co. Has $2.41 Million Stake in Packaging Corporation of America $PKG

Burney Co. lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 349.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,066 shares of the industrial products company’s stock after acquiring an additional 8,603 shares during the quarter. Burney Co.’s holdings in Packaging Corporation of America were worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PKG. Blue Trust Inc. raised its holdings in Packaging Corporation of America by 21.5% during the 3rd quarter. Blue Trust Inc. now owns 3,552 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 628 shares during the last quarter. CWM LLC increased its position in shares of Packaging Corporation of America by 118.5% during the third quarter. CWM LLC now owns 30,720 shares of the industrial products company’s stock worth $6,695,000 after buying an additional 16,662 shares during the period. Independent Wealth Network Inc. bought a new position in Packaging Corporation of America during the third quarter worth $680,000. Jeppson Wealth Management LLC acquired a new position in Packaging Corporation of America in the third quarter valued at $213,000. Finally, World Investment Advisors boosted its position in Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 50 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $208.97 on Friday. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $242.68. The stock’s 50 day moving average is $201.33 and its 200-day moving average is $203.27. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.53 and a beta of 0.89.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 15th will be issued a $1.25 dividend. 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 currently 50.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PKG shares. Wells Fargo & Company lifted their price objective 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 22nd. Wall Street Zen lowered Packaging Corporation of America from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Truist Financial boosted their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $230.67.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.