Fifth Third Bancorp Has $23.20 Million Holdings in Packaging Corporation of America $PKG

Fifth Third Bancorp boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 44.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 109,320 shares of the industrial products company’s stock after buying an additional 33,419 shares during the quarter. Fifth Third Bancorp’s holdings in Packaging Corporation of America were worth $23,200,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Packaging Corporation of America during the fourth quarter valued at approximately $4,664,000. PNC Financial Services Group Inc. boosted its holdings in shares of Packaging Corporation of America by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after purchasing an additional 6,257 shares during the period. Adams Natural Resources Fund Inc. increased its position in shares of Packaging Corporation of America by 71.6% during the 1st quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after purchasing an additional 5,300 shares during the last quarter. G&S Capital LLC increased its position in shares of Packaging Corporation of America by 110.1% during the 4th quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company’s stock valued at $2,657,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Packaging Corporation of America by 29.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after buying an additional 521,352 shares during the period. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated 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 owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Packaging Corporation of America Price Performance

PKG opened at $225.95 on Tuesday. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.14 and a beta of 0.80. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51. The business’s fifty day simple moving average is $225.40 and its 200-day simple moving average is $221.26.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities research analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share 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. Investors of record on Monday, June 15th will be paid a dividend of $1.50 per share. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.7%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PKG shares. Truist Financial reissued 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. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $253.00.

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.