Principal Financial Group Inc. reduced its position in Packaging Corporation of America (NYSE:PKG – Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 480,396 shares of the industrial products company’s stock after selling 12,325 shares during the period. Principal Financial Group Inc.’s holdings in Packaging Corporation of America were worth $101,948,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America during the third quarter worth about $31,000. Covestor Ltd lifted its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Finally, Navalign LLC acquired a new stake in Packaging Corporation of America in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Insider Activity
In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The shares were 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 owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on PKG
Packaging Corporation of America Stock Performance
Packaging Corporation of America stock opened at $227.68 on Thursday. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The stock’s 50-day moving average is $225.47 and its 200-day moving average is $221.53.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.41 earnings per share for the current year.
Packaging Corporation of America Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were paid a dividend of $1.50 per share. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s payout ratio is presently 72.99%.
Packaging Corporation of America News Roundup
Here are the key news stories impacting Packaging Corporation of America this week:
- Positive Sentiment: Truist Financial raised its price target on Packaging Corporation of America to $270 from $258 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga report on Truist target increase
- Positive Sentiment: Bank of America also lifted its price target to $263 from $242 and maintained a buy rating, reinforcing optimism about PKG’s valuation and earnings outlook. Benzinga report on Bank of America target increase
- Neutral Sentiment: Multiple articles note that Packaging Corporation of America is scheduled to report quarterly earnings on Wednesday, keeping investors focused on the company’s near-term results and guidance. Packaging Corporation of America (PKG) Projected to Post Quarterly Earnings on Wednesday
- Neutral Sentiment: An earnings preview from Zacks says PKG is not set up for a likely earnings beat and expects Q2 earnings to decline, which could temper enthusiasm if the report falls short of expectations. Earnings Preview: Packaging Corp. (PKG) Q2 Earnings Expected to Decline
- Neutral Sentiment: Separately, analyst coverage remains generally constructive, with Packaging Corporation of America carrying an average recommendation of Moderate Buy. Packaging Corporation of America (NYSE:PKG) Given Average Recommendation of “Moderate Buy” by Analysts
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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