Truist Financial Corp Purchases 3,710 Shares of Packaging Corporation of America $PKG

Truist Financial Corp grew its position in shares of Packaging Corporation of America (NYSE:PKG) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,897 shares of the industrial products company’s stock after purchasing an additional 3,710 shares during the quarter. Truist Financial Corp’s holdings in Packaging Corporation of America were worth $9,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vise Technologies Inc. purchased a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $1,306,000. Atlas FRM LLC lifted its position in Packaging Corporation of America by 59.7% during the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after buying an additional 200,000 shares during the period. Carnegie Investment Counsel lifted its position in Packaging Corporation of America by 32.2% during the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after acquiring an additional 3,085 shares during the period. Arvest Bank Trust Division purchased a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $892,000. Finally, Burney Co. raised its stake in Packaging Corporation of America by 349.3% during the third quarter. Burney Co. now owns 11,066 shares of the industrial products company’s stock valued at $2,412,000 after buying an additional 8,603 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company lifted their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group boosted their target price on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $222.77 on Monday. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $231.12. The firm’s fifty day moving average is $209.35 and its 200 day moving average is $207.04. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.70 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.2%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 58.34%.

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.