Packaging Corporation of America $PKG Holdings Reduced by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in Packaging Corporation of America (NYSE:PKG) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,445 shares of the industrial products company’s stock after selling 3,337 shares during the period. Natixis Advisors LLC owned approximately 0.11% of Packaging Corporation of America worth $20,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Camden National Bank grew its position in Packaging Corporation of America by 0.4% in the 4th quarter. Camden National Bank now owns 33,744 shares of the industrial products company’s stock worth $6,959,000 after purchasing an additional 127 shares during the last quarter. New Mexico Educational Retirement Board grew its position in Packaging Corporation of America by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 4,100 shares of the industrial products company’s stock worth $846,000 after purchasing an additional 100 shares during the last quarter. Waterloo Capital L.P. grew its position in Packaging Corporation of America by 2.5% in the 4th quarter. Waterloo Capital L.P. now owns 6,063 shares of the industrial products company’s stock worth $1,250,000 after purchasing an additional 149 shares during the last quarter. Forsta AP Fonden grew its position in Packaging Corporation of America by 1.6% in the 4th quarter. Forsta AP Fonden now owns 19,300 shares of the industrial products company’s stock worth $3,980,000 after purchasing an additional 300 shares during the last quarter. Finally, Norges Bank bought a new position in Packaging Corporation of America in the 4th quarter worth about $237,649,000. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price objective for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. Truist Financial restated a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Wells Fargo & Company cut their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Citigroup cut their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.57.

Insider Activity

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Trading Down 0.8%

Shares of NYSE:PKG opened at $222.99 on Friday. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.03 and a beta of 0.81. Packaging Corporation of America has a 1-year low of $184.76 and a 1-year high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The company has a 50 day moving average price of $214.54 and a 200 day moving average price of $215.48.

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

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is currently 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.