Geode Capital Management LLC Has $497.28 Million Stock Holdings in Packaging Corporation of America $PKG

Geode Capital Management LLC lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,420,383 shares of the industrial products company’s stock after buying an additional 16,902 shares during the quarter. Geode Capital Management LLC’s holdings in Packaging Corporation of America were worth $497,283,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Allstate Corp lifted its stake in shares of Packaging Corporation of America by 115.5% during the 4th quarter. Allstate Corp now owns 6,079 shares of the industrial products company’s stock worth $1,254,000 after buying an additional 3,258 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Packaging Corporation of America by 443.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,652 shares of the industrial products company’s stock worth $341,000 after buying an additional 1,348 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Packaging Corporation of America by 116.0% during the 4th quarter. Hantz Financial Services Inc. now owns 203 shares of the industrial products company’s stock worth $42,000 after buying an additional 109 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Packaging Corporation of America during the 4th quarter worth about $593,000. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Packaging Corporation of America by 15.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,193 shares of the industrial products company’s stock worth $659,000 after buying an additional 434 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $218.74 on Monday. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $213.01 and a two-hundred day simple moving average of $214.75. 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.

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 for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company earned $2.31 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts forecast that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.00 annualized dividend 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 payout ratio is 60.83%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Wells Fargo & Company cut their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their price objective on shares of 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. Finally, Truist Financial reiterated a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.57.

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.