IFM Investors Pty Ltd Increases Holdings in Packaging Corporation of America $PKG

IFM Investors Pty Ltd boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 23.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,778 shares of the industrial products company’s stock after acquiring an additional 4,135 shares during the period. IFM Investors Pty Ltd’s holdings in Packaging Corporation of America were worth $4,622,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Benchmark Financial Wealth Advisors LLC boosted its stake 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 purchasing an additional 48 shares in the last quarter. River Street Advisors LLC increased its holdings in Packaging Corporation of America by 1.0% in 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 purchasing an additional 51 shares during the period. Smartleaf Asset Management LLC raised its holdings in Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 52 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Packaging Corporation of America by 2.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 54 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company lowered their target price on 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. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Citigroup decreased 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 report on Tuesday, April 14th. 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 research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Trading Down 0.1%

Packaging Corporation of America stock opened at $237.99 on Friday. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $223.82 and its two-hundred day simple moving average is $220.12. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced 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. The company 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%. Packaging Corporation of America’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts predict that Packaging Corporation of America will post 10.45 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. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is 72.99%.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale 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 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.