Hsbc Holdings PLC Invests $38.96 Million in Packaging Corporation of America $PKG

Hsbc Holdings PLC acquired a new position in shares of Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 163,555 shares of the industrial products company’s stock, valued at approximately $38,962,000. Hsbc Holdings PLC owned approximately 0.18% of Packaging Corporation of America at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Packaging Corporation of America by 5.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 52 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Packaging Corporation of America by 2.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after buying an additional 54 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Packaging Corporation of America by 28.4% in the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after buying an additional 61 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Packaging Corporation of America by 8.2% in the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $243.47 on Friday. The business’s 50-day simple moving average is $242.39 and its 200-day simple moving average is $227.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.33 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm 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 18.94% and a net margin of 7.25%.The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares of the company’s stock, valued at approximately $54,687,750. This represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 40,391 shares of company stock worth $10,196,101. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings raised shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Citigroup raised their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Finally, Bank of America lifted their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.