Packaging Corporation of America (NYSE:PKG) VP Donald Shirley Sells 12,000 Shares of Stock

Packaging Corporation of America (NYSE:PKG) VP Donald Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Packaging Corporation of America Stock Down 1.6%

Shares of NYSE PKG traded down $3.99 on Monday, hitting $248.80. The company had a trading volume of 192,132 shares, compared to its average volume of 852,443. 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 has a 12-month low of $191.50 and a 12-month high of $259.98. The firm has a market capitalization of $22.17 billion, a P/E ratio of 32.35, a PEG ratio of 2.39 and a beta of 0.80. The business has a 50 day moving average of $241.04 and a two-hundred day moving average of $227.56.

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

Institutional Trading of Packaging Corporation of America

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in Packaging Corporation of America by 23,647.1% during the 2nd quarter. California State Teachers Retirement System now owns 24,687,714 shares of the industrial products company’s stock worth $5,882,588,000 after acquiring an additional 24,583,753 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Packaging Corporation of America by 37.5% during the second quarter. Wedmont Private Capital now owns 2,370 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 646 shares during the last quarter. HB Wealth Management LLC grew its stake in Packaging Corporation of America by 2.8% in the second quarter. HB Wealth Management LLC now owns 11,153 shares of the industrial products company’s stock worth $2,658,000 after purchasing an additional 309 shares in the last quarter. Saudi Central Bank grew its stake in Packaging Corporation of America by 87.7% in the second quarter. Saudi Central Bank now owns 6,232 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 2,911 shares in the last quarter. Finally, Raiffeisen Bank International AG raised its stake in Packaging Corporation of America by 3,265.7% during the second quarter. Raiffeisen Bank International AG now owns 3,433 shares of the industrial products company’s stock valued at $816,000 after buying an additional 3,331 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PKG. UBS Group boosted their target price on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Bank of America lifted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Citigroup raised their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.