Corient Private Wealth LLC Has $16.78 Million Stock Position in Packaging Corporation of America $PKG

Corient Private Wealth LLC reduced its position in Packaging Corporation of America (NYSE:PKG) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,342 shares of the industrial products company’s stock after selling 2,331 shares during the period. Corient Private Wealth LLC’s holdings in Packaging Corporation of America were worth $16,778,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rehmann Capital Advisory Group boosted its stake in Packaging Corporation of America by 4.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 66 shares during the period. Pacer Advisors Inc. raised its stake in Packaging Corporation of America by 7.1% during the 4th quarter. Pacer Advisors Inc. now owns 7,638 shares of the industrial products company’s stock valued at $1,575,000 after purchasing an additional 508 shares during the period. MV Capital Management Inc. purchased a new stake in shares of Packaging Corporation of America in the fourth quarter valued at $2,364,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Packaging Corporation of America by 201.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 202,886 shares of the industrial products company’s stock worth $41,842,000 after buying an additional 135,650 shares during the period. Finally, Compound Planning Inc. boosted its position in shares of Packaging Corporation of America by 48.3% in the fourth quarter. Compound Planning Inc. now owns 2,556 shares of the industrial products company’s stock worth $527,000 after buying an additional 833 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial reissued 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. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Wells Fargo & Company dropped their price objective 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Packaging Corporation of America Price Performance

NYSE PKG opened at $232.89 on Wednesday. Packaging Corporation of America has a fifty-two week low of $186.28 and a fifty-two week high of $249.51. The stock’s 50-day moving average is $219.14 and its two-hundred day moving average is $218.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a market cap of $20.75 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $1.50 dividend. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is 72.99%.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% 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. 1.60% of the stock is currently owned by corporate 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.