Moore Capital Management LP raised its stake in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 689.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,712 shares of the industrial products company’s stock after buying an additional 156,070 shares during the quarter. Packaging Corporation of America comprises approximately 0.5% of Moore Capital Management LP’s holdings, making the stock its 25th largest position. Moore Capital Management LP’s holdings in Packaging Corporation of America were worth $36,856,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PKG. DV Equities LLC purchased a new stake in Packaging Corporation of America during the 4th quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Packaging Corporation of America during the 3rd quarter valued at approximately $31,000. Covestor Ltd grew its holdings in Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Finally, Navalign LLC purchased a new stake in Packaging Corporation of America during the 4th quarter valued at approximately $36,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PKG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their target price for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Wells Fargo & Company cut their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Truist Financial reissued a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.
Insider Transactions at Packaging Corporation of America
In related news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Packaging Corporation of America Trading Down 0.1%
PKG stock opened at $229.24 on Thursday. The firm has a fifty day moving average price of $217.20 and a 200 day moving average price of $217.15. Packaging Corporation of America has a fifty-two week low of $184.76 and a fifty-two week high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The firm has a market cap of $20.43 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the firm posted $2.31 earnings per share. Packaging Corporation of America’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.8 earnings per share for the current fiscal year.
Packaging Corporation of America Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is 72.99%.
About Packaging Corporation of America
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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