Folger Nolan Fleming Douglas Capital Management Inc. Acquires Shares of 3,430 Packaging Corporation of America $PKG

Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of Packaging Corporation of America (NYSE:PKG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,430 shares of the industrial products company’s stock, valued at approximately $728,000.

Several other hedge funds also recently made changes to their positions in the business. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter valued at approximately $4,664,000. PNC Financial Services Group Inc. boosted its position in shares of Packaging Corporation of America by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after acquiring an additional 6,257 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Packaging Corporation of America by 21.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,788,060 shares of the industrial products company’s stock worth $389,672,000 after acquiring an additional 312,226 shares in the last quarter. First Horizon Corp increased its stake in Packaging Corporation of America by 74,572.9% in the fourth quarter. First Horizon Corp now owns 35,843 shares of the industrial products company’s stock valued at $7,392,000 after acquiring an additional 35,795 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. increased its stake in Packaging Corporation of America by 71.6% in the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after acquiring an additional 5,300 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated 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 completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $237.18 on Tuesday. Packaging Corporation of America has a fifty-two week low of $187.42 and a fifty-two week high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm has a market capitalization of $21.13 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.26 and a beta of 0.81. The company’s 50 day moving average price is $221.62 and its two-hundred day moving average price is $219.28.

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 the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the business earned $2.31 earnings per share. The company’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. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. 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. Packaging Corporation of America’s payout ratio is currently 72.99%.

Wall Street Analyst Weigh In

PKG has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Citigroup lowered their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company 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 research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given 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 target price 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.