Insider Selling: Packaging Corporation of America (NYSE:PKG) President Sells $3,132,750.00 in Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Packaging Corporation of America Price Performance

PKG opened at $255.98 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 company’s 50-day moving average price is $234.93 and its 200 day moving average price is $225.21. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $258.81. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.80.

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

Packaging Corporation of America Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a 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 payout ratio is presently 77.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Bank of America increased their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Packaging Corporation of America in the second quarter worth about $1,837,506,000. Bank of New York Mellon Corp acquired a new position in Packaging Corporation of America during the 2nd quarter valued at about $748,095,000. Norges Bank bought a new stake in shares of Packaging Corporation of America during the 4th quarter worth about $237,649,000. Diamant Asset Management Inc. raised its position in shares of Packaging Corporation of America by 19,710.3% during the 1st quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after buying an additional 888,936 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter worth approximately $133,174,000. 89.78% of the stock is owned by institutional investors and hedge funds.

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.