Deutsche Bank AG Purchases New Shares in Packaging Corporation of America $PKG

Deutsche Bank AG purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 558,898 shares of the industrial products company’s stock, valued at approximately $133,174,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Packaging Corporation of America by 5.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Packaging Corporation of America by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after buying an additional 54 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares during the period. Root Financial Partners LLC grew its holdings in shares of Packaging Corporation of America by 28.4% during the first quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock worth $59,000 after buying an additional 61 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Packaging Corporation of America by 8.2% during the second quarter. CX Institutional now owns 816 shares of the industrial products company’s stock worth $195,000 after buying an additional 62 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $253.10 on Thursday. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The company has a 50-day moving average price of $240.05 and a 200 day moving average price of $227.17. The company has a market cap of $22.55 billion, a P/E ratio of 32.87, a PEG ratio of 2.36 and a beta of 0.80. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.

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

Wall Street Analysts Forecast Growth

PKG has been the subject of several analyst reports. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. 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 report on Tuesday, July 14th. UBS Group boosted their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Truist Financial upped their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred 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 sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Hassfurther sold 7,063 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the transaction, the president directly owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,657 shares of company stock worth $9,199,044. Company insiders own 1.60% of the company’s stock.

About Packaging Corporation of America

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.