Strs Ohio Increases Stake in Packaging Corporation of America $PKG

Strs Ohio grew its position in Packaging Corporation of America (NYSE:PKG) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,316 shares of the industrial products company’s stock after acquiring an additional 20,204 shares during the quarter. Strs Ohio’s holdings in Packaging Corporation of America were worth $13,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in Packaging Corporation of America by 105.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America in the 3rd quarter worth about $31,000. Geneos Wealth Management Inc. increased its stake in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares during the period. NBT Bank N A NY purchased a new position in Packaging Corporation of America in the 3rd quarter worth about $41,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Packaging Corporation of America by 40.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after buying an additional 57 shares during the period. 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, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the sale, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PKG shares. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They issued a “hold” rating and a $225.00 price target on the stock. Wells Fargo & Company cut their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Truist Financial reissued 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 analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $229.86.

Packaging Corporation of America Trading Up 0.0%

NYSE PKG opened at $218.06 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The company’s 50-day simple moving average is $215.64 and its two-hundred day simple moving average is $212.75. Packaging Corporation of America has a one year low of $178.30 and a one year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm posted $2.31 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.84 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 60.83%.

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.