Packaging Corporation of America (NYSE:PKG) VP Sells $3,008,520.00 in Stock

Packaging Corporation of America (NYSE:PKG) VP Donald Shirley sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the transaction, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Packaging Corporation of America Stock Up 0.2%

Shares of Packaging Corporation of America stock opened at $246.92 on Thursday. The stock has a market capitalization of $22.00 billion, a P/E ratio of 32.07, a PEG ratio of 2.33 and a beta of 0.80. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $242.11 and a two-hundred day moving average price of $227.94. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last 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. Equities analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Hedge Funds Weigh In On Packaging Corporation of America

Several large investors have recently bought and sold shares of the stock. DV Equities LLC bought a new position in shares of Packaging Corporation of America during the 4th quarter worth about $26,000. Covestor Ltd raised its position in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of 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 period. Navalign LLC bought a new stake in shares of Packaging Corporation of America in the fourth quarter valued at about $36,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Packaging Corporation of America in the second quarter valued at about $36,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on PKG shares. Bank of America lifted their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. UBS Group lifted their price objective on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Citigroup boosted their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.