Portfolio Design Labs LLC purchased a new position in Packaging Corporation of America (NYSE:PKG – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,275 shares of the industrial products company’s stock, valued at approximately $1,972,000.
A number of other hedge funds also recently bought and sold shares of PKG. DV Equities LLC purchased a new position in shares of Packaging Corporation of America in the 4th quarter worth $26,000. Covestor Ltd raised its position in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Navalign LLC bought a new position in shares of Packaging Corporation of America in the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. grew its position in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on PKG. Citigroup boosted their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Bank of America raised their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $264.57.
Insiders Place Their Bets
In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $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 can be accessed through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the sale, the president directly owned 202,891 shares of the company’s stock, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,657 shares of company stock worth $9,199,044. Insiders own 1.60% of the company’s stock.
Packaging Corporation of America Trading Down 1.2%
PKG opened at $249.87 on Friday. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 2.39 and a beta of 0.80. The stock’s 50 day moving average price is $240.55 and its 200-day moving average price is $227.36. 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 quick ratio of 1.86 and a current ratio of 2.94.
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. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company earned $2.48 EPS. Packaging Corporation of America’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.
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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