Packaging Corporation of America $PKG Stock Holdings Increased by Bangor Savings Bank

Bangor Savings Bank raised its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,161 shares of the industrial products company’s stock after acquiring an additional 119 shares during the period. Bangor Savings Bank’s holdings in Packaging Corporation of America were worth $973,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PKG. Charles Schwab Investment Management Inc. increased its position in shares of Packaging Corporation of America by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,272,704 shares of the industrial products company’s stock valued at $648,061,000 after purchasing an additional 202,755 shares during the period. JPMorgan Chase & Co. increased its position in shares of Packaging Corporation of America by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,038,859 shares of the industrial products company’s stock valued at $601,755,000 after purchasing an additional 964,085 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Packaging Corporation of America by 108.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,363,617 shares of the industrial products company’s stock valued at $468,045,000 after purchasing an additional 1,229,219 shares during the period. Ameriprise Financial Inc. increased its position in shares of Packaging Corporation of America by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,905,475 shares of the industrial products company’s stock valued at $377,347,000 after purchasing an additional 47,558 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Packaging Corporation of America by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,739 shares of the industrial products company’s stock valued at $247,240,000 after purchasing an additional 60,710 shares during the period. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the topic of several research analyst reports. Citigroup lifted their price target on Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Jefferies Financial Group cut Packaging Corporation of America from a “buy” rating to a “hold” rating and lowered their price target for the company from $245.00 to $205.00 in a research report on Monday, June 16th. UBS Group lifted their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Finally, Truist Financial decreased their target price on Packaging Corporation of America from $239.00 to $238.00 and set a “buy” rating on the stock in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.40.

Packaging Corporation of America Stock Performance

Shares of NYSE PKG opened at $215.33 on Friday. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.89 and a beta of 0.87. The stock’s fifty day simple moving average is $204.93 and its 200 day simple moving average is $196.63. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $250.82.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.Packaging Corporation of America’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 49.90%.

Packaging Corporation of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.