Korea Investment CORP Sells 26,297 Shares of Packaging Corporation of America $PKG

Korea Investment CORP lowered its stake in Packaging Corporation of America (NYSE:PKG) by 50.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,739 shares of the industrial products company’s stock after selling 26,297 shares during the period. Korea Investment CORP’s holdings in Packaging Corporation of America were worth $5,609,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PKG. Vanguard Group Inc. boosted its holdings in shares of Packaging Corporation of America by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock valued at $2,111,452,000 after acquiring an additional 176,811 shares in the last quarter. State Street Corp increased its holdings in Packaging Corporation of America by 1.1% in the 2nd quarter. State Street Corp now owns 4,097,253 shares of the industrial products company’s stock worth $777,037,000 after purchasing an additional 43,141 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock worth $631,557,000 after purchasing an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. raised its position in Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after purchasing an additional 370,573 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Packaging Corporation of America by 3.4% during the third quarter. American Century Companies Inc. now owns 1,924,050 shares of the industrial products company’s stock valued at $419,309,000 after purchasing an additional 63,937 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction 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 transaction, the president owned 197,062 shares in the company, valued at $45,422,791. The trade was 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 at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $214.12 on Friday. The stock’s 50 day moving average is $226.49 and its 200 day moving average is $213.57. Packaging Corporation of America has a one year low of $172.71 and a one year high of $249.51. The firm has a market cap of $19.10 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $2.36 billion for 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 19.22%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 58.34%.

Analyst Upgrades and Downgrades

PKG has been the topic of several research reports. Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Citigroup lifted their target price on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, UBS Group raised their price target on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

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.