Korea Investment CORP Makes New $3.19 Million Investment in Packaging Corporation of America $PKG

Korea Investment CORP bought a new position in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,387 shares of the industrial products company’s stock, valued at approximately $3,190,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC acquired a new position in shares of Packaging Corporation of America during the second quarter worth about $1,143,000. Callan Family Office LLC acquired a new stake in Packaging Corporation of America in the second quarter valued at about $295,000. Heartland Advisors Inc. purchased a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $9,962,000. Keebeck Wealth Management purchased a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $313,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares of the company’s stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated 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 owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,657 shares of company stock valued at $12,207,564 over the last three months. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PKG. Truist Financial lifted their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. UBS Group raised their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Citigroup boosted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Packaging Corporation of America Price Performance

Shares of NYSE PKG opened at $248.79 on Tuesday. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $241.42 and its 200 day moving average price is $227.73. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.39 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping 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 18.94%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $2.48 earnings per share. The firm’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. As a group, research analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

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.