Empowered Funds LLC Makes New Investment in Packaging Corporation of America $PKG

Empowered Funds LLC bought a new position in shares of Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 13,540 shares of the industrial products company’s stock, valued at approximately $3,226,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DV Equities LLC bought a new position in shares of Packaging Corporation of America in the fourth quarter worth about $26,000. Fiduciary Financial Advisors purchased a new position in Packaging Corporation of America in the 2nd quarter worth about $36,000. Covestor Ltd lifted its holdings in Packaging Corporation of America by 140.0% during 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 in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Packaging Corporation of America by 94.1% during 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 in the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Packaging Corporation of America in the 2nd quarter valued at about $41,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. UBS Group lifted their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Citigroup boosted their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Stock Down 2.3%

NYSE:PKG opened at $228.62 on Wednesday. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The company has a 50-day moving average of $242.55 and a 200 day moving average of $227.82. The firm has a market cap of $20.37 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was 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 directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock valued at $10,196,101 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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.