Fideuram Asset Management Ireland dac Invests $2.02 Million in Packaging Corporation of America $PKG

Fideuram Asset Management Ireland dac acquired a new position in shares of Packaging Corporation of America (NYSE:PKG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,450 shares of the industrial products company’s stock, valued at approximately $2,018,000.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Packaging Corporation of America during the third quarter worth $485,000. Envestnet Asset Management Inc. grew its stake in shares of Packaging Corporation of America by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after purchasing an additional 20,016 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter worth $4,664,000. Bank of New York Mellon Corp grew its stake in shares of Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after purchasing an additional 1,015,894 shares in the last quarter. Finally, National Pension Service grew its stake in shares of Packaging Corporation of America by 25.1% during the third quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after purchasing an additional 9,444 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PKG shares. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Wells Fargo & Company lowered their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Citigroup lowered their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. One research 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 company. According to data from MarketBeat, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.57.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $218.74 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. Packaging Corporation of America has a 1 year low of $184.76 and a 1 year high of $249.51. The company has a market capitalization of $19.49 billion, a PE ratio of 26.61, a P/E/G ratio of 1.97 and a beta of 0.81. The company has a fifty day moving average of $213.01 and a two-hundred day moving average of $214.65.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Packaging Corporation of America’s revenue for the quarter was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, analysts expect that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 72.99%.

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.