JPMorgan Chase & Co. Has $672.36 Million Holdings in Packaging Corporation of America $PKG

JPMorgan Chase & Co. lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 13.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,085,196 shares of the industrial products company’s stock after purchasing an additional 370,573 shares during the period. JPMorgan Chase & Co.’s holdings in Packaging Corporation of America were worth $672,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PKG. Norges Bank bought a new position in Packaging Corporation of America in the 2nd quarter valued at $225,478,000. Bank of New York Mellon Corp lifted its stake in shares of Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after acquiring an additional 1,015,894 shares during the period. American Century Companies Inc. boosted its holdings in Packaging Corporation of America by 70.6% in the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after acquiring an additional 769,806 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Packaging Corporation of America by 56.4% in the second quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after acquiring an additional 320,418 shares during the last quarter. Finally, Atlas FRM LLC increased its position in Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after purchasing an additional 200,000 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PKG shares. Truist Financial reduced their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Wells Fargo & Company lifted their target price on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Citigroup increased their price target on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Price Performance

PKG opened at $240.36 on Wednesday. The stock has a market cap of $21.63 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.89 and a beta of 0.88. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $218.65 and a 200 day simple moving average of $210.11.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

Insider Buying and Selling

In other news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% 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.