Packaging Corporation of America $PKG Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in shares of Packaging Corporation of America (NYSE:PKG) by 78.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,126 shares of the industrial products company’s stock after buying an additional 2,249 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Packaging Corporation of America were worth $1,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America during the third quarter valued at $31,000. Covestor Ltd increased its position in Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in 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 in the last quarter. Finally, Navalign LLC acquired a new position in Packaging Corporation of America in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $237.99 on Friday. The company has a market cap of $21.21 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.23 and a beta of 0.80. The business has a fifty day simple moving average of $223.82 and a 200-day simple moving average of $220.12. Packaging Corporation of America has a 52 week low of $189.03 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.

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

Packaging Corporation of America Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PKG. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Citigroup cut their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Truist Financial restated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. One equities 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’s stock. According to MarketBeat.com, the company 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.