Northwestern Mutual Wealth Management Co. Buys New Shares in Packaging Corporation of America $PKG

Posted by Geri Gentry on Aug 27th, 2026

Northwestern Mutual Wealth Management Co. bought a new position in Packaging Corporation of America (NYSE:PKG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,451 shares of the industrial products company’s stock, valued at approximately $584,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 51,790 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Packaging Corporation of America during the second quarter worth about $1,837,506,000. State Street Corp raised its stake in 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 valued at $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Packaging Corporation of America by 2.5% in 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. Finally, JPMorgan Chase & Co. lifted its holdings in 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 worth $683,997,000 after purchasing an additional 231,474 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America increased their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Citigroup upped their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. UBS Group lifted their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

View Our Latest Research Report on PKG

Packaging Corporation of America Trading Up 0.2%

Shares of NYSE PKG opened at $246.92 on Thursday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.33 and a beta of 0.80. The business’s 50 day moving average price is $242.11 and its 200-day moving average price is $227.94.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.Packaging Corporation of America’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, sell-side analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Buying and Selling at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. The trade was a 5.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,391 shares of company stock worth $10,196,101 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Packaging Corporation of America Company Profile

(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.