Talon Private Wealth LLC purchased a new position in Packaging Corporation of America (NYSE:PKG – Free Report) in the first quarter, Holdings Channel reports. The fund purchased 9,309 shares of the industrial products company’s stock, valued at approximately $1,976,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Packaging Corporation of America by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after purchasing an additional 51,790 shares in the last quarter. State Street Corp increased its holdings in Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after buying an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after buying an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Packaging Corporation of America by 7.5% in the fourth 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Packaging Corporation of America by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after buying an additional 73,047 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on PKG. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. UBS Group cut their price objective on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Citigroup upped their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Bank of America lifted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus target price of $261.57.
Insider Buying and Selling
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 shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
Packaging Corporation of America Stock Up 0.3%
Packaging Corporation of America stock opened at $253.17 on Wednesday. The stock has a 50 day moving average of $229.27 and a two-hundred day moving average of $223.40. Packaging Corporation of America has a twelve month low of $189.03 and a twelve month high of $258.81. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.34 and a beta of 0.80. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.5 earnings per share for the current year.
Packaging Corporation of America Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 77.92%.
Packaging Corporation of America Company Profile
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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