Packaging Corporation of America $PKG Stock Holdings Cut by Tredje AP fonden

Tredje AP fonden cut its position in shares of Packaging Corporation of America (NYSE:PKG) by 58.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,340 shares of the industrial products company’s stock after selling 9,094 shares during the quarter. Tredje AP fonden’s holdings in Packaging Corporation of America were worth $1,382,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PKG. Integrated Wealth Concepts LLC raised its position in Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Packaging Corporation of America by 538.6% during the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after acquiring an additional 5,316 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Packaging Corporation of America by 43.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 537 shares during the last quarter. Finally, Forum Financial Management LP raised its position in shares of Packaging Corporation of America by 18.2% during the second quarter. Forum Financial Management LP now owns 2,111 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PKG. UBS Group increased their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Citigroup raised their target price on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Truist Financial dropped their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Stock Performance

PKG stock opened at $237.11 on Monday. The firm has a 50 day simple moving average of $220.69 and a 200 day simple moving average of $211.06. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $249.51. The stock has a market cap of $21.34 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were paid a $1.25 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. Packaging Corporation of America’s payout ratio is 58.34%.

Insiders Place Their Bets

In other news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

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.