Packaging Corporation of America $PKG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Packaging Corporation of America (NYSE:PKG) by 11.4% in the 1st quarter, Holdings Channel reports. The firm owned 51,964 shares of the industrial products company’s stock after selling 6,680 shares during the period. Public Employees Retirement System of Ohio’s holdings in Packaging Corporation of America were worth $11,028,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. DV Equities LLC purchased a new position in Packaging Corporation of America during the 4th quarter worth approximately $26,000. Covestor Ltd increased its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares during the last quarter. Navalign LLC purchased a new stake in Packaging Corporation of America in the fourth quarter valued at approximately $36,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $41,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research reports. Truist Financial raised their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citigroup upped their price target on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.43.

Packaging Corporation of America Stock Down 0.4%

Packaging Corporation of America stock opened at $253.48 on Monday. The stock has a 50 day moving average of $227.44 and a two-hundred day moving average of $222.78. Packaging Corporation of America has a twelve month low of $189.03 and a twelve month high of $254.49. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.36 and a beta of 0.80. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $1.50 dividend. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s payout ratio is 77.92%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America 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.