Rise Advisors LLC Sells 57 Shares of Packaging Corporation of America $PKG

Rise Advisors LLC lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 3.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,490 shares of the industrial products company’s stock after selling 57 shares during the period. Rise Advisors LLC’s holdings in Packaging Corporation of America were worth $281,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after acquiring an additional 202,755 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Packaging Corporation of America by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after acquiring an additional 964,085 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Packaging Corporation of America by 108.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after acquiring an additional 1,229,219 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Packaging Corporation of America by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after acquiring an additional 47,558 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Packaging Corporation of America by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after acquiring an additional 60,710 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.8%

NYSE PKG opened at $215.33 on Monday. The firm has a market cap of $19.38 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32. The stock’s 50-day moving average is $204.93 and its 200-day moving average is $196.53. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82.

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

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th will be given a dividend of $1.25 per share. 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 (DPR) is currently 49.90%.

Analyst Upgrades and Downgrades

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

About Packaging Corporation of America

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.