215,545 Shares in Packaging Corporation of America $PKG Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Packaging Corporation of America (NYSE:PKG) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 215,545 shares of the industrial products company’s stock, valued at approximately $51,360,000.

A number of other institutional investors have also recently bought and sold shares of PKG. Beverly Hills Private Wealth LLC acquired a new position in shares of Packaging Corporation of America during the 2nd quarter worth approximately $2,020,000. Avise Financial Cooperative Inc. bought a new position in shares of Packaging Corporation of America during the second quarter worth approximately $225,000. RW Investment Management LLC acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $1,686,000. HBK Sorce Advisory LLC acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $214,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Packaging Corporation of America in the second quarter valued at approximately $80,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $253.10 on Thursday. The company’s 50 day simple moving average is $240.05 and its 200 day simple moving average is $227.17. The stock has a market capitalization of $22.55 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PKG shares. Citigroup increased their price target 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 reaffirmed an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial increased their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on 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, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insiders Place Their Bets

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on 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 in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares of the company’s stock, valued at $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,657 shares of company stock worth $9,199,044. Insiders own 1.60% of the company’s stock.

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.