Adams Natural Resources Fund Inc. Raises Stock Position in Packaging Corporation of America $PKG

Adams Natural Resources Fund Inc. grew its stake in Packaging Corporation of America (NYSE:PKG) by 71.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,700 shares of the industrial products company’s stock after purchasing an additional 5,300 shares during the quarter. Adams Natural Resources Fund Inc.’s holdings in Packaging Corporation of America were worth $2,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Realta Investment Advisors bought a new position in shares of Packaging Corporation of America during the first quarter valued at approximately $975,000. River Street Advisors LLC boosted its position in shares of Packaging Corporation of America by 1.8% in the 1st quarter. River Street Advisors LLC now owns 5,459 shares of the industrial products company’s stock worth $1,159,000 after purchasing an additional 97 shares in the last quarter. Independent Wealth Network Inc. grew its stake in shares of Packaging Corporation of America by 4.9% in the 1st quarter. Independent Wealth Network Inc. now owns 3,530 shares of the industrial products company’s stock worth $749,000 after buying an additional 165 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Packaging Corporation of America in the 1st quarter worth approximately $976,000. Finally, Kestra Private Wealth Services LLC increased its position in Packaging Corporation of America by 264.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 8,819 shares of the industrial products company’s stock valued at $1,872,000 after buying an additional 6,399 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Up 0.2%

PKG stock opened at $241.63 on Friday. The stock has a market capitalization of $21.53 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.81. Packaging Corporation of America has a 52 week low of $187.41 and a 52 week 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 firm has a 50 day moving average of $221.02 and a 200 day moving average of $218.81.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results 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. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the business posted $2.31 earnings per share. Packaging Corporation of America’s revenue for the quarter 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. Sell-side analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price objective for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company decreased 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 report on Tuesday, April 7th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. One equities research 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. According to MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Activity

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America 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 sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

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.