Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther Sells 8,797 Shares of Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 8,797 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $257.00, for a total value of $2,260,829.00. Following the transaction, the president owned 209,954 shares of the company’s stock, valued at $53,958,178. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Packaging Corporation of America Trading Up 0.3%

NYSE:PKG opened at $256.12 on Thursday. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. Packaging Corporation of America has a 1 year low of $191.13 and a 1 year high of $258.81. The business has a fifty day moving average of $233.49 and a 200-day moving average of $224.78.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given 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 was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.3%. Packaging Corporation of America’s payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PKG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Bank of America increased their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Citigroup lifted their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. 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, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.57.

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds have recently made changes to their positions in PKG. G&S Capital LLC raised its holdings in shares of Packaging Corporation of America by 132.3% in the 2nd quarter. G&S Capital LLC now owns 13,439 shares of the industrial products company’s stock worth $3,202,000 after purchasing an additional 7,655 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Packaging Corporation of America by 6.4% during the second quarter. Handelsbanken Fonder AB now owns 58,030 shares of the industrial products company’s stock worth $13,827,000 after buying an additional 3,482 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Packaging Corporation of America in the second quarter worth approximately $224,000. Baring Financial LLC acquired a new position in Packaging Corporation of America in the second quarter worth approximately $224,000. Finally, First Heartland Consultants Inc. bought a new position in shares of Packaging Corporation of America in the second quarter valued at $264,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

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.