Monte Financial Group LLC Invests $5.91 Million in Packaging Corporation of America $PKG

Monte Financial Group LLC purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) in the fourth quarter, HoldingsChannel reports. The fund purchased 28,651 shares of the industrial products company’s stock, valued at approximately $5,909,000. Packaging Corporation of America makes up approximately 2.2% of Monte Financial Group LLC’s holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in Packaging Corporation of America by 0.8% in the third quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after purchasing an additional 33,624 shares during the period. JPMorgan Chase & Co. grew its holdings 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 period. Ameriprise Financial Inc. grew its holdings in Packaging Corporation of America by 2.9% in the third quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after purchasing an additional 55,784 shares during the period. American Century Companies Inc. grew its holdings in Packaging Corporation of America by 3.4% in 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 during the period. Finally, Bank of New York Mellon Corp grew its holdings in Packaging Corporation of America by 119.9% in 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 purchasing an additional 1,015,894 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group boosted their target price on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Citigroup boosted their target price on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Wells Fargo & Company lowered their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.29.

Packaging Corporation of America Trading Up 3.6%

Shares of PKG stock opened at $210.86 on Thursday. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The firm’s 50 day moving average price is $223.44 and its two-hundred day moving average price is $212.93.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly 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 business 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 company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. Packaging Corporation of America’s payout ratio is 58.34%.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.