Packaging Corporation of America $PKG Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its position in Packaging Corporation of America (NYSE:PKG) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,131 shares of the industrial products company’s stock after selling 2,449 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Packaging Corporation of America were worth $2,108,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Packaging Corporation of America in the 3rd quarter worth $485,000. Envestnet Asset Management Inc. lifted its holdings in Packaging Corporation of America by 10.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after buying an additional 20,016 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Packaging Corporation of America by 119.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after buying an additional 1,015,894 shares in the last quarter. National Pension Service lifted its holdings in Packaging Corporation of America by 25.1% in the 3rd quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after buying an additional 9,444 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in Packaging Corporation of America by 13.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 51,570 shares of the industrial products company’s stock worth $11,239,000 after buying an additional 6,092 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $211.92 on Friday. The firm has a market cap of $18.88 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The firm’s 50-day simple moving average is $213.82 and its 200-day simple moving average is $213.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.94 and a current ratio of 3.07. Packaging Corporation of America has a 1 year low of $184.76 and a 1 year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced 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 19.27%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm 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. Equities analysts forecast that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is currently 60.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PKG shares. UBS Group upped their target price on shares of Packaging Corporation of America from $225.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Citigroup cut 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 research note on Tuesday, April 14th. Truist Financial restated a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. upped 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 research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.29.

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.