Packaging Corporation of America $PKG Shares Purchased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,926 shares of the industrial products company’s stock after acquiring an additional 6,170 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Packaging Corporation of America were worth $12,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PKG. Integrated Wealth Concepts LLC grew its stake in shares of Packaging Corporation of America by 73.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 1,252 shares during the period. Empowered Funds LLC increased its holdings in Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% in the first 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 in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Packaging Corporation of America by 43.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 537 shares during the period. Finally, Cresset Asset Management LLC lifted its position in shares of Packaging Corporation of America by 17.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group upped their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on 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. Bank of America lifted their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial boosted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.57.

Packaging Corporation of America Stock Down 2.2%

PKG stock opened at $232.02 on Wednesday. The company’s 50 day simple moving average is $242.13 and its 200-day simple moving average is $227.54. The firm has a market capitalization of $20.67 billion, a PE ratio of 30.13, a P/E/G ratio of 2.41 and a beta of 0.78. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

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, topping analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the company posted $2.48 EPS. The company’s revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 77.92%.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares of the company’s stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,391 shares of company stock valued at $10,196,101 in the last three months. 1.60% of the stock is currently owned by company insiders.

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.