Packaging Corporation of America $PKG Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Packaging Corporation of America (NYSE:PKG) by 3.2% in the 1st quarter, Holdings Channel reports. The fund owned 2,235,584 shares of the industrial products company’s stock after buying an additional 68,795 shares during the period. Bank of New York Mellon Corp’s holdings in Packaging Corporation of America were worth $474,436,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America in the fourth quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America during the third quarter valued at approximately $31,000. Covestor Ltd grew its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake 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 buying an additional 80 shares during the period. Finally, Navalign LLC acquired a new position in Packaging Corporation of America in the 4th quarter valued at approximately $36,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

PKG opened at $233.51 on Friday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average price is $225.67 and its two-hundred day moving average price is $221.71. The firm has a market capitalization of $20.81 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.41 earnings per share 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. Investors of record on Monday, June 15th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s payout ratio is presently 72.99%.

Analyst Ratings Changes

PKG has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Citigroup increased their price objective on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Truist Financial lifted their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One 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 company’s stock. According to MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $256.14.

Insider Buying and Selling

In related 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 transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

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.