Packaging Corporation of America $PKG Stock Holdings Lifted by Saudi Central Bank

Posted by Brian Himes on Sep 9th, 2026

Saudi Central Bank boosted its position in Packaging Corporation of America (NYSE:PKG – Free Report) by 87.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,232 shares of the industrial products company’s stock after purchasing an additional 2,911 shares during the quarter. Saudi Central Bank’s holdings in Packaging Corporation of America were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raiffeisen Bank International AG lifted its stake in Packaging Corporation of America by 3,265.7% during the second quarter. Raiffeisen Bank International AG now owns 3,433 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 3,331 shares during the last quarter. Syon Capital LLC raised its holdings in shares of Packaging Corporation of America by 6.8% during the second quarter. Syon Capital LLC now owns 2,299 shares of the industrial products company’s stock worth $548,000 after acquiring an additional 146 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Packaging Corporation of America by 4.5% during the second quarter. TD Waterhouse Canada Inc. now owns 4,869 shares of the industrial products company’s stock valued at $1,158,000 after acquiring an additional 208 shares in the last quarter. Premier Path Wealth Partners LLC increased its position in Packaging Corporation of America by 11.8% during the second quarter. Premier Path Wealth Partners LLC now owns 1,403 shares of the industrial products company’s stock worth $334,000 after buying an additional 148 shares during the last quarter. Finally, NEOS Investment Management LLC raised its stake in shares of Packaging Corporation of America by 15.2% in the 2nd quarter. NEOS Investment Management LLC now owns 14,000 shares of the industrial products company’s stock valued at $3,336,000 after acquiring an additional 1,844 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction on Monday, August 3rd. The shares were 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 owned 218,751 shares in the company, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,391 shares of company stock worth $10,196,101 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research report 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 research note on Thursday, August 13th. Truist Financial increased their price objective on shares of 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. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. 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 note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Read Our Latest Report on PKG

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $232.02 on Wednesday. The firm has a 50-day moving average of $242.13 and a 200-day moving average of $227.54. The company has a market cap of $20.67 billion, a P/E ratio of 30.13, a P/E/G ratio of 2.41 and a beta of 0.78. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $2.48 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a $1.50 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. Packaging Corporation of America’s payout ratio is currently 77.92%.

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.