Legal & General Group Plc Buys Shares of 457,325 Packaging Corporation of America $PKG

Legal & General Group Plc purchased a new position in Packaging Corporation of America (NYSE:PKG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 457,325 shares of the industrial products company’s stock, valued at approximately $108,971,000. Legal & General Group Plc owned about 0.51% of Packaging Corporation of America as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. DV Equities LLC purchased a new position in Packaging Corporation of America in the 4th quarter valued at about $26,000. Covestor Ltd grew its holdings in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC acquired a new position in shares of Packaging Corporation of America in the fourth quarter valued at approximately $36,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Packaging Corporation of America in the second quarter valued at approximately $36,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PKG. Bank of America raised their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. UBS Group increased their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Truist Financial raised 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. Finally, Citigroup lifted their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. One investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Packaging Corporation of America Trading Down 1.3%

Shares of PKG stock opened at $243.47 on Friday. The firm’s 50-day simple moving average is $242.39 and its 200-day simple moving average is $227.97. 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 has a 1-year low of $191.50 and a 1-year high of $259.98. The firm has a market cap of $21.69 billion, a P/E ratio of 31.62, a PEG ratio of 2.33 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $2.48 earnings per share. Packaging Corporation of America’s revenue for the quarter 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, equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the transaction, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction 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 transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America 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.