Allstate Corp Purchases 3,258 Shares of Packaging Corporation of America $PKG

Allstate Corp raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 115.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,079 shares of the industrial products company’s stock after purchasing an additional 3,258 shares during the quarter. Allstate Corp’s holdings in Packaging Corporation of America were worth $1,254,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America during the 3rd quarter valued at approximately $31,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% during 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 during the period. Navalign LLC bought a new position in shares of Packaging Corporation of America during the 4th quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on 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. Argus raised Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Wells Fargo & Company decreased 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 restated a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.57.

Packaging Corporation of America Price Performance

NYSE:PKG opened at $218.74 on Friday. 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 company has a market capitalization of $19.49 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.97 and a beta of 0.81. Packaging Corporation of America has a 52 week low of $184.76 and a 52 week high of $249.51. The stock’s fifty day moving average is $213.01 and its two-hundred day moving average is $214.65.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $2.31 EPS. The company’s quarterly revenue 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 analysts expect that Packaging Corporation of America will post 10.81 EPS 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. Investors of record on Monday, June 15th will be given a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. 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 2.7%. Packaging Corporation of America’s payout ratio is currently 60.83%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’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 transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.