Packaging Corporation of America $PKG Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP trimmed its holdings in Packaging Corporation of America (NYSE:PKG) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 76,290 shares of the industrial products company’s stock after selling 2,705 shares during the period. Corient Private Wealth LP’s holdings in Packaging Corporation of America were worth $18,178,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust raised its position in Packaging Corporation of America by 1.7% during the second quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 46 shares during the last quarter. TD Private Client Wealth LLC increased its stake 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 worth $398,000 after purchasing an additional 54 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Packaging Corporation of America by 28.4% during the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 61 shares in the last quarter. CX Institutional increased its stake in shares of Packaging Corporation of America by 8.2% during the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 62 shares in the last quarter. Finally, Phillips Wealth Planners LLC raised its position in shares of Packaging Corporation of America by 5.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,136 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 63 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PKG shares. 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 research note on Thursday, July 9th. Truist Financial raised their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citigroup boosted their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Finally, UBS Group increased their price objective on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $264.14.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $232.98 on Tuesday. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98. The company’s 50 day simple moving average is $241.69 and its 200 day simple moving average is $227.53. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94.

Packaging Corporation of America (NYSE:PKG) last released 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 during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. Packaging Corporation of America’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, sell-side analysts predict that Packaging Corporation of America will post 10.49 EPS for the current year.

Packaging Corporation of America Announces Dividend

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

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas Hassfurther sold 12,531 shares of the stock in a transaction dated 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 transaction, the president directly owned 218,751 shares in the company, valued at approximately $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Donald Shirley sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,391 shares of company stock valued at $10,196,101 over the last quarter. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.