Strs Ohio Acquires 23,996 Shares of Packaging Corporation of America $PKG

Strs Ohio lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 36.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 90,312 shares of the industrial products company’s stock after buying an additional 23,996 shares during the period. Strs Ohio’s holdings in Packaging Corporation of America were worth $19,166,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. DV Equities LLC bought a new stake in shares of Packaging Corporation of America during the fourth quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Packaging Corporation of America during the 3rd quarter valued at $31,000. Covestor Ltd raised its holdings in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Finally, Navalign LLC bought a new position in shares of Packaging Corporation of America in the fourth quarter valued at $36,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Citigroup cut their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Wells Fargo & Company dropped their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Stock Down 0.1%

Packaging Corporation of America stock opened at $237.99 on Friday. 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 market cap of $21.21 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. The firm’s 50-day simple moving average is $223.82 and its 200 day simple moving average is $220.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07.

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

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is currently 72.99%.

Packaging Corporation of America 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.