Summit Financial Strategies Inc. Raises Stock Holdings in Packaging Corporation of America $PKG

Summit Financial Strategies Inc. raised its stake in shares of Packaging Corporation of America (NYSE:PKG) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,657 shares of the industrial products company’s stock after buying an additional 2,404 shares during the quarter. Packaging Corporation of America comprises 4.1% of Summit Financial Strategies Inc.’s portfolio, making the stock its 9th biggest position. Summit Financial Strategies Inc. owned 0.28% of Packaging Corporation of America worth $52,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. DV Equities LLC bought a new stake in Packaging Corporation of America in the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the third quarter worth $31,000. Covestor Ltd grew its holdings in shares of Packaging Corporation of America by 140.0% in the 4th 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 period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Packaging Corporation of America by 94.1% in the 4th 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. Finally, Navalign LLC bought a new stake in shares of Packaging Corporation of America in the 4th quarter valued at $36,000. 89.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PKG has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday. Citigroup lifted their price objective on Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Truist Financial reiterated a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred 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 sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Trending Headlines about Packaging Corporation of America

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Packaging Corporation of America to $269 from $246 and kept an overweight rating, signaling the most bullish outlook among the recent notes. Packaging Corporation of America (NYSE:PKG) Given New $269.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Citigroup increased its price target to $241 from $229, while maintaining a neutral rating, suggesting modest upside from current levels. Packaging Corporation of America (NYSE:PKG) Given New $241.00 Price Target at Citigroup
• Neutral Sentiment: Wells Fargo reaffirmed its equal weight rating on PKG and slightly lifted its target to $246 from $245, indicating a largely unchanged view with limited upside. Packaging Corporation of America’s (PKG) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company
• Negative Sentiment: Wells Fargo also downgraded Packaging Corporation of America from overweight to equal weight, which may temper enthusiasm despite the higher target price. Packaging Corporation of America downgraded by Wells Fargo & Company from overweight to equal weight

Packaging Corporation of America Stock Up 2.0%

Shares of NYSE:PKG traded up $4.53 during midday trading on Friday, reaching $229.02. 597,979 shares of the company were exchanged, compared to its average volume of 563,975. The firm has a market cap of $20.41 billion, a PE ratio of 27.86, a P/E/G ratio of 2.14 and a beta of 0.80. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51. The stock has a fifty day simple moving average of $225.15 and a two-hundred day simple moving average of $221.02. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the business earned $2.31 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, sell-side analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. Packaging Corporation of America’s dividend payout ratio is 72.99%.

About Packaging Corporation of America

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.