Boston Trust Walden Corp Sells 17,362 Shares of Packaging Corporation of America $PKG

Boston Trust Walden Corp cut its holdings in Packaging Corporation of America (NYSE:PKG) by 32.9% in the third quarter, HoldingsChannel reports. The firm owned 35,426 shares of the industrial products company’s stock after selling 17,362 shares during the quarter. Boston Trust Walden Corp’s holdings in Packaging Corporation of America were worth $7,720,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new position in Packaging Corporation of America during the second quarter valued at $225,478,000. American Century Companies Inc. raised its position in shares of Packaging Corporation of America by 70.6% during the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after buying an additional 769,806 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Packaging Corporation of America by 114.5% in the 1st quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock valued at $136,486,000 after acquiring an additional 367,933 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Packaging Corporation of America by 56.4% in the 2nd quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after acquiring an additional 320,418 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Packaging Corporation of America by 377.1% in the second quarter. Assenagon Asset Management S.A. now owns 262,203 shares of the industrial products company’s stock worth $49,412,000 after acquiring an additional 207,244 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.2%

NYSE PKG opened at $208.30 on Wednesday. The stock has a market cap of $18.74 billion, a PE ratio of 21.06, a PEG ratio of 1.53 and a beta of 0.89. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $242.68. The company’s 50-day moving average price is $201.39 and its 200-day moving average price is $203.59. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

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

Packaging Corporation of America Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Packaging Corporation of America’s payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PKG shares. Wells Fargo & Company upped their price objective on Packaging Corporation of America from $200.00 to $222.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. raised their price target on 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday. Finally, UBS Group raised their target price on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. One investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $230.67.

Packaging Corporation of America Company 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.