Packaging Corporation of America $PKG Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Packaging Corporation of America (NYSE:PKG) by 7.8% in the first quarter, Holdings Channel reports. The fund owned 73,669 shares of the industrial products company’s stock after buying an additional 5,355 shares during the period. PNC Financial Services Group Inc.’s holdings in Packaging Corporation of America were worth $15,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Packaging Corporation of America in the fourth quarter valued at $4,664,000. Heartland Advisors Inc. increased its holdings in shares of Packaging Corporation of America by 47.6% in the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after acquiring an additional 12,621 shares during the last quarter. Adams Natural Resources Fund Inc. raised 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 worth $2,695,000 after acquiring an additional 5,300 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Packaging Corporation of America by 29.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after purchasing an additional 521,352 shares during the last quarter. Finally, G&S Capital LLC lifted its stake in Packaging Corporation of America by 110.1% during the fourth quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company’s stock worth $2,657,000 after purchasing an additional 6,753 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PKG has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup increased their target price on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Bank of America boosted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wells Fargo & Company restated 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. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.43.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $253.48 on Friday. 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 twelve month low of $189.03 and a twelve month high of $254.49. The stock has a 50 day moving average of $227.44 and a two-hundred day moving average of $222.70. The stock has a market cap of $22.59 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.37 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, research analysts forecast that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a dividend of $1.50 per share. The ex-dividend date was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 77.92%.

About Packaging Corporation of America

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.