Packaging Corporation of America $PKG Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its position in Packaging Corporation of America (NYSE:PKG) by 50.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,225 shares of the industrial products company’s stock after purchasing an additional 3,749 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Packaging Corporation of America were worth $2,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. Benchmark Financial Wealth Advisors LLC grew its stake in Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 48 shares in the last quarter. River Street Advisors LLC boosted its holdings in shares of Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after purchasing an additional 51 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 grew its position in shares of 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 valued at $398,000 after purchasing an additional 54 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position 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 purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $224.90 on Friday. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $249.51. The stock’s fifty day moving average is $224.90 and its two-hundred day moving average is $220.97. The company has a market capitalization of $20.04 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.10 and a beta of 0.80. 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 quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations 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 was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. 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 10.45 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. Investors of record on Monday, June 15th will be issued a $1.50 dividend. This is a boost 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 annualized dividend and a yield of 2.7%. Packaging Corporation of America’s payout ratio is 72.99%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PKG. UBS Group upgraded 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. Citigroup upped their target price on Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial reissued a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $253.00.

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.