Packaging Corporation of America $PKG Stock Position Lowered by Natixis Advisors LLC

Natixis Advisors LLC lessened its position in Packaging Corporation of America (NYSE:PKG) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 101,445 shares of the industrial products company’s stock after selling 3,337 shares during the period. Natixis Advisors LLC’s holdings in Packaging Corporation of America were worth $20,920,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at approximately $31,000. Covestor Ltd lifted its position in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Navalign LLC purchased a new stake in shares of Packaging Corporation of America in the 4th quarter valued at approximately $36,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Packaging Corporation of America by 40.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the subject of several research analyst reports. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price target for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Wells Fargo & Company reduced their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.57.

Packaging Corporation of America Stock Down 0.8%

PKG stock opened at $222.99 on Friday. Packaging Corporation of America has a 12-month low of $184.76 and a 12-month high of $249.51. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.03 and a beta of 0.81. The company has a 50 day moving average of $214.54 and a two-hundred day moving average of $215.48.

Packaging Corporation of America (NYSE:PKG) last released its earnings results 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. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is currently 60.83%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America 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 completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.