Packaging Corporation of America $PKG Stock: Summit Financial Strategies Inc. Reduces Stake

Summit Financial Strategies Inc. lessened its position in Packaging Corporation of America (NYSE:PKG) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 236,708 shares of the industrial products company’s stock after selling 28,391 shares during the period. Packaging Corporation of America accounts for about 3.8% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 8th largest holding. Summit Financial Strategies Inc.’s holdings in Packaging Corporation of America were worth $54,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in shares of Packaging Corporation of America by 97.5% in the third quarter. Fortitude Family Office LLC now owns 316 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 156 shares during the period. ABLE Financial Group LLC lifted its position in shares of Packaging Corporation of America by 14.9% during the 3rd quarter. ABLE Financial Group LLC now owns 2,339 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 304 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in Packaging Corporation of America during the 3rd quarter valued at approximately $897,000. Focus Financial Network Inc. boosted its stake in Packaging Corporation of America by 5.0% during the 3rd quarter. Focus Financial Network Inc. now owns 1,864 shares of the industrial products company’s stock valued at $427,000 after purchasing an additional 88 shares during the period. Finally, Sax Wealth Advisors LLC boosted its stake in Packaging Corporation of America by 11.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 1,828 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas Hassfurther sold 7,063 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Donald Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the transaction, the vice president owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,391 shares of company stock worth $10,196,101 in the last three months. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG opened at $229.85 on Thursday. The stock’s 50 day simple moving average is $239.20 and its 200-day simple moving average is $229.53. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The stock has a market cap of $20.48 billion, a PE ratio of 29.85, a P/E/G ratio of 1.99 and a beta of 0.75. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. Packaging Corporation of America’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.45 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Packaging Corporation of America’s payout ratio is 77.92%.

Analyst Ratings Changes

A number of analysts have issued reports on PKG shares. Wells Fargo & Company lowered their target price on Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 7th. UBS Group cut their price target on Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating for the company in a report on Monday, October 5th. Bank of America cut their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a report on Friday, September 11th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Finally, Truist Financial increased their price objective on Packaging Corporation of America from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.86.

Key Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Zacks Research raised its Packaging Corporation of America EPS forecasts across several periods, including Q4 2026 to $2.78 from $2.76, FY2026 to $10.44 from $10.42, FY2027 to $12.51 from $12.46, and FY2028 to $14.66 from $14.60. The revisions indicate improving analyst expectations for the company’s longer-term earnings outlook. MarketBeat analyst estimate updates
• Positive Sentiment: Zacks said PKG has the combination of factors that could support an earnings beat in next week’s report, while Wall Street expects earnings growth. A better-than-expected result or stronger guidance could provide a catalyst for the shares. Packaging Corp. Reports Next Week
• Positive Sentiment: A Truist Financial analyst reportedly expects PKG’s stock price to rise, adding to the favorable analyst tone ahead of the earnings announcement. Truist Financial analyst outlook
• Neutral Sentiment: Packaging Corporation of America is projected to release earnings on Wednesday. The event creates an important near-term test for the bullish expectations, particularly because the stock trades at a relatively high valuation of roughly 30 times earnings. Projected earnings release date

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.