American Century Companies Inc. Buys 63,937 Shares of Packaging Corporation of America $PKG

American Century Companies Inc. raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,924,050 shares of the industrial products company’s stock after buying an additional 63,937 shares during the period. American Century Companies Inc.’s holdings in Packaging Corporation of America were worth $419,309,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. World Investment Advisors increased its position in shares of Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 50 shares in the last quarter. Advyzon Investment Management LLC increased its position in Packaging Corporation of America by 3.3% during the 2nd quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company’s stock valued at $303,000 after buying an additional 52 shares in the last quarter. Argent Advisors Inc. raised its stake in Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after buying an additional 52 shares during the last quarter. Eastern Bank boosted its holdings in Packaging Corporation of America by 11.0% in the third quarter. Eastern Bank now owns 555 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 55 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PKG. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. UBS Group lifted their target price on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Finally, Truist Financial reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Insider Activity

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the company’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 sale, the president owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Packaging Corporation of America Trading Down 0.0%

Shares of Packaging Corporation of America stock opened at $231.75 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $223.31 and its 200-day simple moving average is $212.03. The stock has a market cap of $20.85 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.78 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.

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 the consensus estimate of $2.41 by ($0.09). The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.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 previous 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. Analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is presently 58.34%.

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.