Leeward Investments LLC MA Decreases Stock Holdings in Packaging Corporation of America $PKG

Leeward Investments LLC MA trimmed its position in Packaging Corporation of America (NYSE:PKG) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 47,561 shares of the industrial products company’s stock after selling 2,412 shares during the period. Leeward Investments LLC MA’s holdings in Packaging Corporation of America were worth $9,809,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Packaging Corporation of America in the third quarter worth $31,000. Navalign LLC purchased a new position in shares of Packaging Corporation of America in the fourth quarter worth $36,000. Geneos Wealth Management Inc. increased its stake in shares of 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 buying an additional 57 shares during the period. Finally, NBT Bank N A NY purchased a new position in shares of Packaging Corporation of America in the third quarter worth $41,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PKG has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. UBS Group lifted their target price on shares of Packaging Corporation of America from $225.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. Finally, Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $234.29.

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $220.21 on Friday. The stock has a market cap of $19.62 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The firm’s fifty day simple moving average is $214.23 and its 200 day simple moving average is $213.58. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The company has a quick ratio of 1.94, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.7%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 60.83%.

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.