Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys New Holdings in Packaging Corporation of America $PKG

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Packaging Corporation of America (NYSE:PKG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,877 shares of the industrial products company’s stock, valued at approximately $593,000.

Other institutional investors have also recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC increased its holdings in Packaging Corporation of America by 2.1% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after buying an additional 48 shares during the period. River Street Advisors LLC lifted its holdings in shares of Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after acquiring an additional 51 shares during the period. Argent Advisors Inc. lifted its holdings in shares of Packaging Corporation of America by 1.9% during the 3rd quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock worth $622,000 after acquiring an additional 52 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Packaging Corporation of America by 2.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after acquiring an additional 54 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Trading Up 0.4%

Shares of PKG stock opened at $213.96 on Friday. The company has a market capitalization of $19.06 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.93 and a beta of 0.81. Packaging Corporation of America has a 12-month low of $184.76 and a 12-month high of $249.51. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $212.78 and a 200 day moving average price of $213.94.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts forecast that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. Packaging Corporation of America’s dividend payout ratio is currently 60.83%.

Analyst Ratings Changes

Several research firms recently issued reports on PKG. Wells Fargo & Company dropped their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $232.00 to $248.00 in a report on Wednesday. Argus raised Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Citigroup cut their target price on 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, Truist Financial reaffirmed a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. One research 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 company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average target price of $236.57.

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.