Packaging Corporation of America $PKG Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 42.4% during the 4th quarter, Holdings Channel reports. The firm owned 6,371 shares of the industrial products company’s stock after selling 4,693 shares during the period. Vest Financial LLC’s holdings in Packaging Corporation of America were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Packaging Corporation of America by 105.4% during the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America during the third quarter worth about $31,000. Geneos Wealth Management Inc. raised its holdings in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. NBT Bank N A NY acquired a new stake in Packaging Corporation of America in the third quarter valued at approximately $41,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the topic of several analyst reports. Citigroup reduced their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average target price of $229.86.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $213.65 on Friday. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. The firm has a market cap of $19.02 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. The company’s 50 day simple moving average is $215.64 and its 200-day simple moving average is $212.70. Packaging Corporation of America has a 12-month low of $178.30 and a 12-month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating 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 19.20%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the firm posted $2.31 EPS. Packaging Corporation of America’s quarterly revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.84 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 60.83%.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

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.