22,713 Shares in Packaging Corporation of America $PKG Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the fourth quarter, Holdings Channel.com reports. The firm acquired 22,713 shares of the industrial products company’s stock, valued at approximately $4,684,000.

A number of other large investors have also made changes to their positions in the stock. Benchmark Financial Wealth Advisors LLC raised its position in shares of Packaging Corporation of America by 2.1% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after buying an additional 48 shares during the last quarter. River Street Advisors LLC raised its position in shares of Packaging Corporation of America by 1.0% during the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock valued at $1,106,000 after buying an additional 51 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Packaging Corporation of America by 5.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after buying an additional 52 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after buying an additional 54 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position 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 valued at $43,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $229.92 on Tuesday. 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 stock has a market cap of $20.49 billion, a P/E ratio of 27.97, a PEG ratio of 2.06 and a beta of 0.81. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The company’s 50-day simple moving average is $216.22 and its 200 day simple moving average is $216.79.

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. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.8 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 60.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Truist Financial reaffirmed a “buy” rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Citigroup lowered their target price on shares of 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. Finally, Wells Fargo & Company lowered their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.83.

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.