California State Teachers Retirement System Acquires 24,583,753 Shares of Packaging Corporation of America $PKG

California State Teachers Retirement System raised its holdings in Packaging Corporation of America (NYSE:PKG) by 23,647.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,687,714 shares of the industrial products company’s stock after acquiring an additional 24,583,753 shares during the period. California State Teachers Retirement System owned about 0.28% of Packaging Corporation of America worth $5,882,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PKG. Wedmont Private Capital raised its position in shares of Packaging Corporation of America by 37.5% during the second quarter. Wedmont Private Capital now owns 2,370 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 646 shares during the period. HB Wealth Management LLC grew its position in shares of Packaging Corporation of America by 2.8% in the 2nd quarter. HB Wealth Management LLC now owns 11,153 shares of the industrial products company’s stock valued at $2,658,000 after purchasing an additional 309 shares during the period. Saudi Central Bank grew its position in shares of Packaging Corporation of America by 87.7% in the 2nd quarter. Saudi Central Bank now owns 6,232 shares of the industrial products company’s stock valued at $1,485,000 after purchasing an additional 2,911 shares during the period. Raiffeisen Bank International AG increased its stake in Packaging Corporation of America by 3,265.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 3,433 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 3,331 shares in the last quarter. Finally, Syon Capital LLC increased its stake in Packaging Corporation of America by 6.8% during the 2nd quarter. Syon Capital LLC now owns 2,299 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 146 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on PKG shares. Truist Financial raised their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Citigroup upped 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. UBS Group increased their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Bank of America raised their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Stock Down 1.9%

Shares of PKG stock opened at $227.59 on Thursday. The firm’s fifty day moving average price is $241.92 and its two-hundred day moving average price is $227.46. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98. The firm has a market capitalization of $20.28 billion, a P/E ratio of 29.56, a PEG ratio of 2.36 and a beta of 0.78.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 EPS. 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 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

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

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Hassfurther sold 12,531 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares in the company, valued at $54,687,750. This trade represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,391 shares of company stock valued at $10,196,101 over the last three months. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.