Thomas Hassfurther Sells 12,129 Shares of Packaging Corporation of America (NYSE:PKG) Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 12,129 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the sale, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Packaging Corporation of America Price Performance

Shares of PKG stock traded up $0.11 on Monday, reaching $238.97. The company had a trading volume of 372,014 shares, compared to its average volume of 1,055,905. The business’s 50-day moving average is $212.18 and its 200 day moving average is $208.00. Packaging Corporation of America has a one year low of $172.71 and a one year high of $240.79. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $21.50 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business posted $2.47 earnings per share. Packaging Corporation of America’s revenue for the quarter was up 10.1% compared to the same quarter last year. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.1%. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

Analysts Set New Price Targets

A number of brokerages recently commented on PKG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group lifted their price target on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Truist Financial lowered their price objective on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and four 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 an average price target of $236.00.

Institutional Trading of Packaging Corporation of America

Institutional investors have recently made changes to their positions in the business. Allstate Corp increased its holdings in shares of Packaging Corporation of America by 115.5% in the 4th quarter. Allstate Corp now owns 6,079 shares of the industrial products company’s stock valued at $1,254,000 after acquiring an additional 3,258 shares during the period. Clearstead Advisors LLC raised its stake in Packaging Corporation of America by 443.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,652 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 1,348 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Packaging Corporation of America by 116.0% in the fourth quarter. Hantz Financial Services Inc. now owns 203 shares of the industrial products company’s stock valued at $42,000 after buying an additional 109 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Packaging Corporation of America in the fourth quarter worth $593,000. Finally, Coldstream Capital Management Inc. raised its stake in shares of Packaging Corporation of America by 15.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,193 shares of the industrial products company’s stock valued at $659,000 after buying an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

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.