10,215 Packaging Corporation of America $PKG Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Packaging Corporation of America (NYSE:PKG) by 117.7% during the 3rd quarter, Holdings Channel reports. The fund owned 18,891 shares of the industrial products company’s stock after purchasing an additional 10,215 shares during the quarter. State of Alaska Department of Revenue’s holdings in Packaging Corporation of America were worth $4,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in PKG. BlackRock Inc. acquired a new stake in Packaging Corporation of America during the second quarter valued at $1,837,506,000. Bank of New York Mellon Corp acquired a new position in shares of Packaging Corporation of America in the second quarter worth about $748,095,000. Royal Bank of Canada boosted its stake in shares of Packaging Corporation of America by 25.2% during the 1st quarter. Royal Bank of Canada now owns 2,323,010 shares of the industrial products company’s stock worth $492,990,000 after acquiring an additional 467,590 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter worth about $379,568,000. Finally, Atlas FRM LLC purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter worth about $365,164,100. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

PKG traded up $3.34 on Friday, reaching $235.92. 917,375 shares of the company’s stock were exchanged, compared to its average volume of 553,159. The stock has a market cap of $21.02 billion, a PE ratio of 30.64, a P/E/G ratio of 2.00 and a beta of 0.75. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The stock’s fifty day moving average price is $238.41 and its 200-day moving average price is $229.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business earned $2.48 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts expect that Packaging Corporation of America will post 10.45 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PKG shares. UBS Group dropped their target price on Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Citigroup reduced their price target on Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Truist Financial increased their price target on Packaging Corporation of America from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Bank of America cut their price objective on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, September 11th. Finally, Wells Fargo & Company reduced their target price on Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 7th. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.86.

Insider Buying and Selling at Packaging Corporation of America

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by insiders.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.