Hsbc Holdings PLC Sells 38,330 Shares of Packaging Corporation of America $PKG

Hsbc Holdings PLC lowered its holdings in Packaging Corporation of America (NYSE:PKG) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 145,892 shares of the industrial products company’s stock after selling 38,330 shares during the period. Hsbc Holdings PLC’s holdings in Packaging Corporation of America were worth $30,133,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Packaging Corporation of America during the 3rd quarter worth about $31,000. Covestor Ltd increased its position in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Finally, Navalign LLC bought a new position in shares of Packaging Corporation of America in the fourth quarter worth about $36,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Wells Fargo & Company reduced their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Truist Financial reiterated a “buy” rating and issued 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, Citigroup dropped their target price on 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 research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the 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 directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Trading Down 0.8%

NYSE:PKG opened at $236.21 on Tuesday. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $249.51. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.23 and a beta of 0.80. The business’s 50-day moving average price is $224.24 and its two-hundred day moving average price is $220.46.

Packaging Corporation of America (NYSE:PKG) last posted its 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 analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

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

Packaging Corporation of America Company 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.