Short Interest in Packaging Corporation of America (NYSE:PKG) Increases By 28.9%

by · The Markets Daily

Packaging Corporation of America (NYSE:PKG – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,162,660 shares, a growth of 28.9% from the November 30th total of 2,452,986 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 853,113 shares, the short-interest ratio is currently 3.7 days. Based on an average daily trading volume, of 853,113 shares, the short-interest ratio is currently 3.7 days. Currently, 3.6% of the company’s stock are sold short.

Institutional Trading of Packaging Corporation of America

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its holdings in Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of Packaging Corporation of America by 72.2% during the second quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 57 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the third quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Finally, NBT Bank N A NY bought a new stake in Packaging Corporation of America in the 3rd quarter valued at $41,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PKG shares. Zacks Research downgraded Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. Truist Financial increased their target price on shares of Packaging Corporation of America from $262.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Citigroup raised their target price on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. UBS Group lifted their price target on shares of Packaging Corporation of America from $225.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Wall Street Zen cut shares of Packaging Corporation of America from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $230.67.

Read Our Latest Analysis on Packaging Corporation of America

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $206.33 on Friday. The company has a fifty day moving average price of $201.20 and a two-hundred day moving average price of $203.62. Packaging Corporation of America has a one year low of $172.71 and a one year high of $242.68. The stock has a market cap of $18.57 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.10). Packaging Corporation of America had a return on equity of 19.72% and a net margin of 10.18%.The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm earned $2.65 earnings per share. The firm’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. As a group, equities analysts predict 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, January 14th. Shareholders of record on Monday, December 15th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 15th. Packaging Corporation of America’s payout ratio is currently 50.56%.

About Packaging Corporation of America

(Get Free Report)

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.

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