Packaging Corporation of America $PKG Position Lowered by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. reduced its stake in shares of Packaging Corporation of America (NYSE:PKG) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 236,708 shares of the industrial products company’s stock after selling 28,391 shares during the quarter. Packaging Corporation of America makes up approximately 3.8% of Summit Financial Strategies Inc.’s portfolio, making the stock its 8th largest position. Summit Financial Strategies Inc. owned about 0.27% of Packaging Corporation of America worth $54,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in Packaging Corporation of America by 97.5% in the 3rd quarter. Fortitude Family Office LLC now owns 316 shares of the industrial products company’s stock valued at $72,000 after buying an additional 156 shares during the period. ABLE Financial Group LLC lifted its position in Packaging Corporation of America by 14.9% in the 3rd quarter. ABLE Financial Group LLC now owns 2,339 shares of the industrial products company’s stock worth $536,000 after buying an additional 304 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Packaging Corporation of America during the 3rd quarter valued at $897,000. Focus Financial Network Inc. boosted its stake in shares of Packaging Corporation of America by 5.0% during the 3rd quarter. Focus Financial Network Inc. now owns 1,864 shares of the industrial products company’s stock valued at $427,000 after buying an additional 88 shares during the period. Finally, Sax Wealth Advisors LLC boosted its stake in shares of Packaging Corporation of America by 11.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 1,828 shares of the industrial products company’s stock valued at $419,000 after buying an additional 191 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Donald Shirley sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction 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 represents a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas Hassfurther sold 7,063 shares of the stock in a transaction dated 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 transaction, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Stock Down 0.8%

PKG stock opened at $229.85 on Thursday. The firm has a market cap of $20.48 billion, a PE ratio of 29.85, a PEG ratio of 1.99 and a beta of 0.75. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98. The company has a fifty day simple moving average of $239.20 and a 200 day simple moving average of $229.53. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last posted its 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. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is 77.92%.

Key Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Zacks Research raised its Packaging Corporation of America EPS forecasts across several periods, including Q4 2026 to $2.78 from $2.76, FY2026 to $10.44 from $10.42, FY2027 to $12.51 from $12.46, and FY2028 to $14.66 from $14.60. The revisions indicate improving analyst expectations for the company’s longer-term earnings outlook. MarketBeat analyst estimate updates
• Positive Sentiment: Zacks said PKG has the combination of factors that could support an earnings beat in next week’s report, while Wall Street expects earnings growth. A better-than-expected result or stronger guidance could provide a catalyst for the shares. Packaging Corp. Reports Next Week
• Positive Sentiment: A Truist Financial analyst reportedly expects PKG’s stock price to rise, adding to the favorable analyst tone ahead of the earnings announcement. Truist Financial analyst outlook
• Neutral Sentiment: Packaging Corporation of America is projected to release earnings on Wednesday. The event creates an important near-term test for the bullish expectations, particularly because the stock trades at a relatively high valuation of roughly 30 times earnings. Projected earnings release date

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial boosted their price target on shares of Packaging Corporation of America from $270.00 to $280.00 and gave the company a “buy” rating in a report on Monday. Citigroup cut their price objective 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. UBS Group cut their price objective on Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating for the company in a report on Monday, October 5th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Finally, Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $271.86.

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.