O Shaughnessy Asset Management LLC Has $8.19 Million Stake in Packaging Corporation of America $PKG

O Shaughnessy Asset Management LLC decreased its position in shares of Packaging Corporation of America (NYSE:PKG) by 14.0% during the 4th quarter, HoldingsChannel reports. The fund owned 39,726 shares of the industrial products company’s stock after selling 6,472 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Packaging Corporation of America were worth $8,193,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PKG. Norges Bank acquired a new stake in shares of Packaging Corporation of America during the 4th quarter valued at $237,649,000. Millennium Management LLC lifted its holdings in Packaging Corporation of America by 223.6% during the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after buying an additional 1,047,902 shares during the period. JPMorgan Chase & Co. lifted its holdings in Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after buying an additional 370,573 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in Packaging Corporation of America during the 4th quarter worth about $75,279,000. Finally, Boston Partners lifted its holdings in Packaging Corporation of America by 26.9% during the 3rd quarter. Boston Partners now owns 1,664,470 shares of the industrial products company’s stock worth $362,719,000 after buying an additional 353,095 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG stock opened at $215.92 on Thursday. The stock has a 50-day moving average price of $215.13 and a 200-day moving average price of $216.18. Packaging Corporation of America has a 1-year low of $184.76 and a 1-year high of $249.51. 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 firm has a market cap of $19.24 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company posted $2.31 EPS. The business’s quarterly revenue 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, equities research analysts expect that Packaging Corporation of America will post 10.8 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. Packaging Corporation of America’s dividend payout ratio is 60.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PKG. Citigroup cut their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company cut their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $256.00 in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.57.

Packaging Corporation of America 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.