Illinois Municipal Retirement Fund Raises Stake in Packaging Corporation of America $PKG

Illinois Municipal Retirement Fund boosted its stake in Packaging Corporation of America (NYSE:PKG) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,570 shares of the industrial products company’s stock after purchasing an additional 6,092 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Packaging Corporation of America worth $11,239,000 as of its most recent filing with the Securities & Exchange Commission.

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

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $244.88 on Friday. The stock’s 50-day moving average is $215.77 and its 200 day moving average is $208.98. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.88 and a beta of 0.88. Packaging Corporation of America has a 1-year low of $172.71 and a 1-year high of $249.51. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 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%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, sell-side analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 annualized dividend and a yield of 2.0%. Packaging Corporation of America’s payout ratio is currently 58.34%.

Packaging Corporation of America News Summary

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Zacks raised its FY2027 EPS view to $12.38 (from $12.26) and bumped some 2027 quarterly forecasts, signaling slightly stronger longer‑term expectations. Zacks Research estimate changes
• Positive Sentiment: Q1 2027 estimate increased to $2.89 (from $2.61), indicating Zacks sees better momentum in early 2027. Zacks Research estimate changes
• Positive Sentiment: Q2 2027 was raised to $3.04 (from $2.91) and Q2 2026 was nudged up to $2.60 (from $2.57) — small but constructive revisions for near-term earnings. Zacks Research estimate changes
• Neutral Sentiment: Zacks issued an FY2028 EPS projection of $14.49 (newly published) but kept a “Hold” rating — useful for modeling but not an immediate catalyst. Zacks Research estimate changes
• Negative Sentiment: Zacks cut several near‑term quarter forecasts: Q1 2026 to $2.20 (from $2.38), Q3 2026 to $3.22 (from $3.35) and Q3 2027 to $3.28 (from $3.54), reflecting weaker near‑term margin or volume assumptions. Note the Q1 2026 figure matches PKG’s guidance. Zacks Research estimate changes
• Negative Sentiment: Zacks trimmed Q4 2026 to $2.79 (from $2.85), Q4 2027 to $3.17 (from $3.20) and lowered FY2026 to $10.80 (from $11.14), signaling a slightly dimmer near‑term earnings baseline. Zacks Research estimate changes

Analyst Ratings Changes

PKG has been the topic of a number of recent analyst reports. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup raised their price target on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Truist Financial dropped their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Insider Transactions at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

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.