Illinois Municipal Retirement Fund Sells 2,685 Shares of Packaging Corporation of America $PKG

Illinois Municipal Retirement Fund reduced its stake in Packaging Corporation of America (NYSE:PKG) by 17.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,708 shares of the industrial products company’s stock after selling 2,685 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Packaging Corporation of America were worth $2,697,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. DV Equities LLC purchased a new position in Packaging Corporation of America during the 4th quarter worth $26,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 80 shares during the last quarter. Navalign LLC purchased a new stake in shares of Packaging Corporation of America in the fourth quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Trading Up 0.0%

NYSE PKG opened at $233.11 on Monday. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.17 and a beta of 0.80. Packaging Corporation of America has a one year low of $189.03 and a one year high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The business’s fifty day moving average is $225.84 and its 200-day moving average is $221.87.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results 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 company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.46 EPS 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. Shareholders of record on Monday, June 15th were paid a $1.50 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PKG. Truist Financial boosted their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Bank of America increased their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company reaffirmed 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. 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 company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $256.14.

Insiders Place Their Bets

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

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.