Thrivent Financial for Lutherans Cuts Stock Position in Packaging Corporation of America $PKG

Thrivent Financial for Lutherans lessened its holdings in Packaging Corporation of America (NYSE:PKG) by 5.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 52,585 shares of the industrial products company’s stock after selling 3,121 shares during the period. Thrivent Financial for Lutherans’ holdings in Packaging Corporation of America were worth $11,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Packaging Corporation of America by 1.6% in the second quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after acquiring an additional 176,811 shares in the last quarter. State Street Corp boosted its holdings in shares of Packaging Corporation of America by 1.1% in the 2nd quarter. State Street Corp now owns 4,097,253 shares of the industrial products company’s stock worth $777,037,000 after purchasing an additional 43,141 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Packaging Corporation of America by 2.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after purchasing an additional 78,619 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Packaging Corporation of America by 119.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after buying an additional 1,015,894 shares during the period. Finally, American Century Companies Inc. lifted its position in Packaging Corporation of America by 70.6% in the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after buying an additional 769,806 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Up 3.5%

NYSE PKG opened at $232.38 on Thursday. Packaging Corporation of America has a one year low of $172.71 and a one year high of $234.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.72 and a beta of 0.88. The company’s 50-day simple moving average is $210.92 and its two-hundred day simple moving average is $207.54.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. Packaging Corporation of America’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were issued a $1.25 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 58.34%.

Wall Street Analyst Weigh In

PKG has been the subject of several analyst reports. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Citigroup increased their price target on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, UBS Group increased their target price on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average target price of $236.00.

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.