Various investment firms and asset managers are adjusting their portfolio allocations for the Packaging Corporation of America ($PKG). This comes in the wake of factors like Q3 earnings data, record cash flow, and a Q2 revenue miss. While some firms such as Conning Inc., and Stephens Inc. AR are reducing their $PKG shares, others like TKG Advisors LLC and Meeder Asset Management Inc. are upping their stakes.
The company recently acquired Greif's containerboard business for $1.8 billion and declared a $1.25 quarterly dividend. Some analysts raise their Price Target, Wells Fargo & Company and Zacks Research upgraded their rating for $PKG. However, Citigroup cut its price target to $226.00. The company's chairman sold $5.39 million in stock, and the firm is about to shut down a paper machine at Wallula mill. Expectations remain for a steady performance in 2025, despite concerns over a cautious outlook and falling share prices.
Packaging Corp of America PKG News Analytics from Mon, 07 Apr 2025 07:00:00 GMT to Fri, 16 Jan 2026 13:27:04 GMT - Rating 4 - Innovation -2 - Information 6 - Rumor 3
