Teamwork Financial Advisors LLC Increases Stake in Packaging Corporation of America $PKG

Teamwork Financial Advisors LLC raised its stake in shares of Packaging Corporation of America (NYSE:PKG) by 13.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 51,926 shares of the industrial products company’s stock after acquiring an additional 6,170 shares during the period. Teamwork Financial Advisors LLC’s holdings in Packaging Corporation of America were worth $12,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PKG. DV Equities LLC bought a new position in shares of Packaging Corporation of America during the fourth quarter worth $26,000. Covestor Ltd increased its holdings in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Navalign LLC purchased a new stake in Packaging Corporation of America in the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares in the company, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 30,594 shares of company stock worth $7,405,042. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Trading Up 1.3%

PKG opened at $255.98 on Friday. The firm has a market cap of $22.81 billion, a P/E ratio of 33.24, a P/E/G ratio of 2.39 and a beta of 0.80. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $258.81. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $234.93 and a 200 day moving average of $225.21.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of research analyst reports. Citigroup raised 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. Wells Fargo & Company reiterated 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 report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Truist Financial lifted their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.57.

About Packaging Corporation of America

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.