Pacer Advisors Inc. Has $1.08 Million Stock Position in Packaging Corporation of America $PKG

Pacer Advisors Inc. reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,104 shares of the industrial products company’s stock after selling 2,534 shares during the quarter. Pacer Advisors Inc.’s holdings in Packaging Corporation of America were worth $1,083,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farmers National Bank acquired a new stake in shares of Packaging Corporation of America during the 1st quarter worth approximately $243,000. Glenmede Trust Co. NA lifted its position in shares of Packaging Corporation of America by 50.7% during the 1st quarter. Glenmede Trust Co. NA now owns 2,306 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 776 shares during the period. SHUTTLEWORTH & Co lifted its position in shares of Packaging Corporation of America by 1.4% during the 1st quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock valued at $2,183,000 after acquiring an additional 147 shares during the period. SOA Wealth Advisors LLC. bought a new position in Packaging Corporation of America during the first quarter worth $82,000. Finally, Dayah Capital LLC bought a new position in Packaging Corporation of America during the first quarter worth $3,183,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $255.98 on Monday. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $258.81. The company’s 50 day moving average price is $234.93 and its two-hundred day moving average price is $225.23. The stock has a market cap of $22.81 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.42 and a beta of 0.80. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.Packaging Corporation of America’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were paid a $1.50 dividend. This is a boost 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 yield of 2.3%. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

PKG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted 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, July 24th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group reduced their target price on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, Citigroup upped their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus price target of $261.57.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 8,797 shares of Packaging Corporation of America stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $257.00, for a total transaction of $2,260,829.00. Following the sale, the president directly owned 209,954 shares in the company, valued at $53,958,178. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,594 shares of company stock valued at $7,405,042. Insiders own 1.60% of the company’s stock.

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.