Wells Fargo Lowers Outlook on Packaging Corporation of America

Fintel reports that on May 9, 2025, Wells Fargo downgraded their outlook for Packaging Corporation of America (BMV:PKG) from Overweight to Equal-Weight.

Fund Sentiment Overview

Currently, 1,229 funds and institutions hold positions in Packaging Corporation of America, a decrease of 23 owners or 1.84% over the last quarter. The average portfolio weight for all funds invested in PKG is 0.26%, reflecting a 7.91% increase. Total institutional shares owned declined by 0.91% in the last three months, amounting to 106,659K shares.

Actions by Other Shareholders

Charles Schwab Investment Management maintains 3,273K shares, representing 3.48% ownership of the company. Previously, the firm reported 3,070K shares, indicating a 6.20% increase, although it reduced its portfolio allocation in PKG by 24.76% over the last quarter.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 2,804K shares, reflecting 2.98% ownership. This is a 1.43% decrease from 2,844K shares reported earlier, although the firm increased its allocation in PKG by 1.55% last quarter.

Vanguard 500 Index Fund Investor Shares (VFINX) holds 2,413K shares, equating to 2.56% ownership. Previously, the firm reported 2,335K shares, an increase of 3.24%. The portfolio allocation for PKG increased by 2.19% over the last quarter.

Geode Capital Management has 2,367K shares, representing 2.51% ownership. In the prior filing, the firm indicated 2,337K shares, amounting to a 1.24% increase. However, it decreased its PKG allocation by 46.65% over the last quarter.

The Schwab U.S. Dividend Equity ETF (SCHD) holds 2,347K shares, or 2.49% ownership. In its previous report, the firm reported 2,265K shares, reflecting a 3.53% increase. Nevertheless, it reduced its portfolio allocation for PKG by 14.19% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.