Packaging Corporation of America (NYSE:PKG – Free Report) – Zacks Research upped their FY2026 earnings estimates for shares of Packaging Corporation of America in a research report issued to clients and investors on Thursday, September 10th. Zacks Research analyst Team now expects that the industrial products company will earn $10.42 per share for the year, up from their prior forecast of $10.40. The consensus estimate for Packaging Corporation of America’s current full-year earnings is $10.49 per share.
A number of other brokerages also recently weighed in on PKG. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Bank of America dropped their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Truist Financial lifted their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.14.
Packaging Corporation of America Trading Down 0.6%
Shares of NYSE PKG opened at $232.98 on Monday. The stock’s 50 day moving average price is $241.69 and its two-hundred day moving average price is $227.53. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The stock has a market capitalization of $20.76 billion, a P/E ratio of 30.26, a PEG ratio of 2.38 and a beta of 0.78. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.
Packaging Corporation of America (NYSE:PKG – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.49 billion during 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 18.94%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS.
Packaging Corporation of America Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is presently 77.92%.
Insider Buying and Selling at Packaging Corporation of America
In other Packaging Corporation of America news, VP Donald Shirley sold 12,000 shares of the 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 sale, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas Hassfurther sold 7,063 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president owned 202,891 shares in the company, valued at $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,391 shares of company stock worth $10,196,101 over the last ninety days. 1.60% of the stock is owned by corporate insiders.
Institutional Trading of Packaging Corporation of America
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its position in Packaging Corporation of America by 23,647.1% during the 2nd quarter. California State Teachers Retirement System now owns 24,687,714 shares of the industrial products company’s stock worth $5,882,588,000 after purchasing an additional 24,583,753 shares in the last quarter. BlackRock Inc. acquired a new stake in Packaging Corporation of America during the 2nd quarter valued at $1,837,506,000. Bank of New York Mellon Corp purchased a new stake in shares of Packaging Corporation of America in the second quarter valued at $748,095,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 231,474 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Packaging Corporation of America by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,420,383 shares of the industrial products company’s stock worth $497,283,000 after buying an additional 16,902 shares during the period. 89.78% of the stock is currently owned by institutional investors.
About Packaging Corporation of America
Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.
The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.
Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.
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