Conning Inc. Has $32.96 Million Stock Holdings in Packaging Corporation of America $PKG

Conning Inc. decreased its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 12.5% in the third quarter, Holdings Channel reports. The firm owned 151,245 shares of the industrial products company’s stock after selling 21,626 shares during the quarter. Conning Inc.’s holdings in Packaging Corporation of America were worth $32,961,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC raised its holdings in shares of 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 buying an additional 57 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Packaging Corporation of America in the second quarter valued at $33,000. Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in shares of Packaging Corporation of America during the third quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at $44,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PKG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group lifted their target price on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday. Citigroup decreased their price target on Packaging Corporation of America from $229.00 to $226.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company upgraded Packaging Corporation of America from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $222.00 to $233.00 in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $236.17.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $219.75 on Thursday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year 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 firm’s 50 day moving average is $203.84 and its 200-day moving average is $205.41. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.66 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results 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). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $2.65 EPS. The business’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. Sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio is 50.56%.

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.