Packaging Corporation of America $PKG Shares Sold by United Community Bank

United Community Bank trimmed its holdings in Packaging Corporation of America (NYSE:PKG) by 57.2% during the third quarter, Holdings Channel reports. The institutional investor owned 4,068 shares of the industrial products company’s stock after selling 5,438 shares during the period. United Community Bank’s holdings in Packaging Corporation of America were worth $887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PKG. Vise Technologies Inc. acquired a new stake in Packaging Corporation of America in the 2nd quarter valued at $1,306,000. Atlas FRM LLC boosted its position in shares of Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after buying an additional 200,000 shares during the period. Carnegie Investment Counsel grew its stake in shares of Packaging Corporation of America by 32.2% in the third quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after buying an additional 3,085 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at about $892,000. Finally, Burney Co. raised its holdings in shares of Packaging Corporation of America by 349.3% during the 3rd quarter. Burney Co. now owns 11,066 shares of the industrial products company’s stock valued at $2,412,000 after buying an additional 8,603 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group upped their price objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $222.77 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $231.12. The firm’s 50-day simple moving average is $209.35 and its 200-day simple moving average is $207.04. The firm has a market cap of $20.04 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s payout ratio is 58.34%.

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.