Summit Financial Strategies Inc. Has $63.17 Million Stake in Packaging Corporation of America $PKG

Posted by Brian Himes on Sep 9th, 2026

Summit Financial Strategies Inc. lifted its stake in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,099 shares of the industrial products company’s stock after purchasing an additional 19,442 shares during the quarter. Packaging Corporation of America comprises 4.4% of Summit Financial Strategies Inc.’s portfolio, making the stock its 9th largest position. Summit Financial Strategies Inc. owned approximately 0.30% of Packaging Corporation of America worth $63,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in PKG. DV Equities LLC acquired a new position in Packaging Corporation of America during the 4th quarter valued at approximately $26,000. Covestor Ltd grew its stake in Packaging Corporation of America by 140.0% during the 4th 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 last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Packaging Corporation of America by 94.1% in the fourth 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 period. Navalign LLC acquired a new stake in Packaging Corporation of America in the fourth quarter worth $36,000. Finally, Fiduciary Financial Advisors bought a new stake in Packaging Corporation of America in the second quarter valued at $36,000. Institutional investors own 89.78% of the company’s stock.

Insider Activity

In related news, President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald Shirley sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the sale, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,391 shares of company stock valued at $10,196,101 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PKG shares. Citigroup boosted their price target 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, July 28th. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. lifted 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 research report on Friday, July 24th. Bank of America boosted their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, UBS Group upped their target price on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Read Our Latest Research Report on PKG

Packaging Corporation of America Stock Down 2.2%

PKG stock opened at $232.02 on Wednesday. The firm’s 50-day moving average is $242.13 and its two-hundred day moving average is $227.54. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

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 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 business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’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. On average, analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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

Packaging Corporation of America 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.

Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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