Howe & Rusling Inc. Invests $479,000 in Packaging Corporation of America $PKG

Howe & Rusling Inc. acquired a new position in Packaging Corporation of America (NYSE:PKG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,420 shares of the industrial products company’s stock, valued at approximately $479,000.

Several other large investors have also recently made changes to their positions in the stock. Cim LLC lifted its holdings in shares of Packaging Corporation of America by 0.8% in the 1st quarter. Cim LLC now owns 11,909 shares of the industrial products company’s stock worth $2,358,000 after acquiring an additional 95 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Packaging Corporation of America by 38.6% in the 1st quarter. Inspire Investing LLC now owns 1,592 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 443 shares during the last quarter. Strs Ohio acquired a new position in shares of Packaging Corporation of America in the 1st quarter worth approximately $10,124,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 57 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Packaging Corporation of America by 100.0% in the 1st quarter. Intech Investment Management LLC now owns 14,205 shares of the industrial products company’s stock worth $2,813,000 after acquiring an additional 7,102 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Down 0.8%

Shares of NYSE:PKG opened at $215.33 on Friday. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $250.82. The company’s 50 day moving average is $204.93 and its two-hundred day moving average is $196.74. The company has a current ratio of 3.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.37 billion, a PE ratio of 21.49, a P/E/G ratio of 1.89 and a beta of 0.87.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.04. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm posted $2.20 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PKG shares. Wells Fargo & Company upped their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a “buy” rating to a “hold” rating and reduced their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial reduced their target price on shares of Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating on the stock in a report on Friday, July 25th. UBS Group increased their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Finally, Citigroup increased their target price on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.40.

Packaging Corporation of America Company 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.