Cannell & Spears LLC Has $16.24 Million Position in Packaging Corporation of America $PKG

Posted by Brian Himes on Jul 25th, 2026

Cannell & Spears LLC cut its stake in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 11.0% during the 1st quarter, Holdings Channel reports. The fund owned 76,514 shares of the industrial products company’s stock after selling 9,472 shares during the period. Cannell & Spears LLC’s holdings in Packaging Corporation of America were worth $16,237,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Packaging Corporation of America by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after purchasing an additional 51,790 shares in the last quarter. State Street Corp boosted its position in shares of Packaging Corporation of America by 1.3% during the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after purchasing an additional 54,884 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Packaging Corporation of America by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after purchasing an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Packaging Corporation of America by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after buying an additional 231,474 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Packaging Corporation of America by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock valued at $580,897,000 after buying an additional 73,047 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 8.4%

NYSE:PKG opened at $253.48 on Friday. 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 firm has a 50-day moving average of $227.44 and a 200-day moving average of $222.70. The company has a market cap of $22.59 billion, a PE ratio of 32.92, a PEG ratio of 2.18 and a beta of 0.80. Packaging Corporation of America has a one year low of $189.03 and a one year high of $254.49.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts expect that Packaging Corporation of America will post 10.46 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 77.92%.

Wall Street Analyst Weigh In

PKG has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price target for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Bank of America upped their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus price target of $256.43.

View Our Latest Research Report on PKG

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

About Packaging Corporation of America

(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.