Packaging Corporation of America (NYSE:PKG) CEO Sells $2,011,463.28 in Stock

Packaging Corporation of America (NYSE:PKG) CEO Mark Kowlzan sold 9,266 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $218.74 on Friday. The stock’s 50-day simple moving average is $213.01 and its 200 day simple moving average is $214.65. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. Packaging Corporation of America has a 52-week low of $184.76 and a 52-week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts forecast that Packaging Corporation of America will post 10.81 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is currently 60.83%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Truist Financial restated a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Wells Fargo & Company decreased their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Finally, Citigroup decreased their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $236.57.

Hedge Funds Weigh In On Packaging Corporation of America

Several institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Packaging Corporation of America in the 4th quarter valued at $237,649,000. Millennium Management LLC raised its position in Packaging Corporation of America by 223.6% in the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after purchasing an additional 1,047,902 shares during the period. Bank of New York Mellon Corp raised its position 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 worth $406,082,000 after purchasing an additional 1,015,894 shares during the period. Diamant Asset Management Inc. raised its position in Packaging Corporation of America by 19,710.3% in the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after purchasing an additional 888,936 shares during the period. Finally, Victory Capital Management Inc. raised its position in Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after purchasing an additional 521,352 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Company 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.