Leeward Investments LLC MA Sells 2,412 Shares of Packaging Corporation of America $PKG

Leeward Investments LLC MA cut its stake in shares of Packaging Corporation of America (NYSE:PKG) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,561 shares of the industrial products company’s stock after selling 2,412 shares during the quarter. Leeward Investments LLC MA owned 0.05% of Packaging Corporation of America worth $9,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in Packaging Corporation of America by 105.4% during the third 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 last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Packaging Corporation of America during the third quarter valued at approximately $31,000. Navalign LLC bought a new stake in Packaging Corporation of America during the fourth quarter valued at approximately $36,000. NBT Bank N A NY bought a new stake in Packaging Corporation of America during the third quarter valued at approximately $41,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. Citigroup dropped their target price on shares of 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. Finally, Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.29.

Packaging Corporation of America Trading Up 0.9%

Shares of PKG opened at $220.21 on Friday. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.94 and a current ratio of 3.07. Packaging Corporation of America has a fifty-two week low of $184.76 and a fifty-two week high of $249.51. The firm has a 50 day moving average price of $214.23 and a 200-day moving average price of $213.58.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 60.83%.

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.