Coastline Trust Co Sells 125 Shares of Packaging Corporation of America $PKG

Coastline Trust Co reduced its position in shares of Packaging Corporation of America (NYSE:PKG) by 13.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 783 shares of the industrial products company’s stock after selling 125 shares during the quarter. Coastline Trust Co’s holdings in Packaging Corporation of America were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock worth $468,045,000 after buying an additional 1,229,219 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Packaging Corporation of America by 46.5% during 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. GAMMA Investing LLC lifted its holdings in shares of Packaging Corporation of America by 25,461.0% during the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company’s stock worth $123,047,000 after purchasing an additional 618,956 shares during the period. Select Equity Group L.P. lifted its holdings in shares of Packaging Corporation of America by 114.5% during the first quarter. Select Equity Group L.P. now owns 689,253 shares of the industrial products company’s stock worth $136,486,000 after purchasing an additional 367,933 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Packaging Corporation of America in the first quarter worth $66,091,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 1.3%

Shares of Packaging Corporation of America stock opened at $215.93 on Friday. The stock’s 50-day moving average is $206.97 and its 200 day moving average is $197.23. Packaging Corporation of America has a one year low of $172.71 and a one year high of $250.82. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 21.55, a PEG 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.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm 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%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is 49.90%.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer directly owned 437,378 shares of the company’s stock, valued at $94,460,526.66. The trade was a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PKG. Jefferies Financial Group lowered Packaging Corporation of America from a “buy” rating to a “hold” rating and lowered their target price for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. UBS Group raised their price objective on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. began coverage on shares of Packaging Corporation of America in a research report on Wednesday. They set an “overweight” rating and a $242.00 target price for the company. Finally, Citigroup boosted their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $223.83.

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.