IFM Investors Pty Ltd Increases Stock Holdings in Packaging Corporation of America $PKG

IFM Investors Pty Ltd raised its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,778 shares of the industrial products company’s stock after acquiring an additional 4,135 shares during the quarter. IFM Investors Pty Ltd’s holdings in Packaging Corporation of America were worth $4,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. Benchmark Financial Wealth Advisors LLC grew its holdings in shares of Packaging Corporation of America by 2.1% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 48 shares in the last quarter. River Street Advisors LLC grew its position in Packaging Corporation of America by 1.0% in the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after acquiring an additional 51 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC increased its stake in Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 54 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Packaging Corporation of America by 40.4% during the first 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 during the period. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PKG. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Truist Financial reissued a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Citigroup cut their price objective 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 lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $237.99 on Friday. The business has a fifty day moving average of $223.82 and a 200 day moving average of $220.12. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 72.99%.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This 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 link. 1.60% of the stock is currently owned by corporate 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.