Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther Sells 12,531 Shares

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company’s stock, valued at $54,687,750. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $256.12 on Thursday. Packaging Corporation of America has a fifty-two week low of $191.13 and a fifty-two week high of $258.81. The business has a 50-day simple moving average of $233.49 and a two-hundred day simple moving average of $224.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $2.48 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Truist Financial lifted their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.57.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKG. DV Equities LLC bought a new position in shares of Packaging Corporation of America in the fourth quarter worth approximately $26,000. Covestor Ltd raised its position 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 purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC purchased a new position in shares of Packaging Corporation of America during the 4th quarter valued at $36,000. Finally, Oslo Pensjonsforsikring AS bought a new position in Packaging Corporation of America in the 1st quarter worth $41,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company 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.