BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Packaging Corporation of America $PKG

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Packaging Corporation of America (NYSE:PKG) by 59.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,109 shares of the industrial products company’s stock after selling 3,139 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Packaging Corporation of America were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKG. DV Equities LLC bought a new stake in Packaging Corporation of America during the fourth quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America during the 3rd quarter valued at $31,000. Covestor Ltd increased its position in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares during the period. Finally, Navalign LLC bought a new stake in shares of Packaging Corporation of America during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction on 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Packaging Corporation of America Price Performance

PKG opened at $240.96 on Friday. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.22 and a beta of 0.81. 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 firm has a 50-day moving average price of $220.33 and a 200-day moving average price of $218.65. Packaging Corporation of America has a twelve month low of $186.28 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts expect that Packaging Corporation of America will post 10.46 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 72.99%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PKG. JPMorgan Chase & Co. boosted their price target on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Truist Financial restated a “buy” rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Citigroup reduced their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average price target of $241.83.

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.