Tredje AP fonden Grows Stock Holdings in Packaging Corporation of America $PKG

Tredje AP fonden raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 89.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the industrial products company’s stock after purchasing an additional 5,660 shares during the period. Tredje AP fonden’s holdings in Packaging Corporation of America were worth $2,475,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PKG. Integrated Wealth Concepts LLC raised its position in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,252 shares in the last quarter. Empowered Funds LLC raised its position in Packaging Corporation of America by 538.6% during the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. Sivia Capital Partners LLC raised its position in Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in Packaging Corporation of America by 17.0% during the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 4.8%

Shares of NYSE:PKG opened at $212.99 on Thursday. Packaging Corporation of America has a 1 year low of $184.76 and a 1 year high of $249.51. The company has a market cap of $18.98 billion, a PE ratio of 25.91, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The stock’s 50-day moving average is $212.92 and its 200 day moving average is $213.82.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the business earned $2.31 EPS. Packaging Corporation of America’s revenue 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. Sell-side analysts anticipate that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is presently 60.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PKG shares. Citigroup lowered their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $232.00 to $248.00 in a report on Wednesday. Truist Financial reiterated a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average target price of $236.57.

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.