NerdWallet Wealth Partners LLC Buys New Position in Packaging Corporation of America $PKG

NerdWallet Wealth Partners LLC bought a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,340 shares of the industrial products company’s stock, valued at approximately $510,000.

Several other institutional investors have also added to or reduced their stakes in the business. Meiji Yasuda Life Insurance Co grew its position in shares of Packaging Corporation of America by 7.9% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 1,657 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 121 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Packaging Corporation of America by 22.9% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,573 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 479 shares in the last quarter. Natixis Advisors LLC raised its holdings in Packaging Corporation of America by 31.2% in the 3rd quarter. Natixis Advisors LLC now owns 104,782 shares of the industrial products company’s stock worth $22,835,000 after purchasing an additional 24,945 shares during the period. Ameriflex Group Inc. purchased a new position in Packaging Corporation of America during the third quarter valued at $133,000. Finally, Blair William & Co. IL lifted its position in Packaging Corporation of America by 10.2% during the third quarter. Blair William & Co. IL now owns 2,300 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 213 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PKG has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. UBS Group lifted their price objective on 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. Wells Fargo & Company boosted their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Truist Financial decreased their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $222.45 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The company has a market cap of $19.85 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.71 and a beta of 0.88. The firm’s fifty day moving average is $225.46 and its two-hundred day moving average is $213.35. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s payout ratio is currently 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.