Ilmarinen Mutual Pension Insurance Co Makes New Investment in Packaging Corporation of America $PKG

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,000 shares of the industrial products company’s stock, valued at approximately $2,475,000.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in shares of Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America during the 3rd quarter valued at about $31,000. Covestor Ltd lifted its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Navalign LLC acquired a new stake in shares of Packaging Corporation of America during the 4th quarter valued at about $36,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PKG. Wells Fargo & Company reduced their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Truist Financial reiterated a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Citigroup cut their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.57.

Packaging Corporation of America Stock Up 0.3%

Shares of PKG stock opened at $218.74 on Friday. The stock’s 50 day simple moving average is $213.01 and its 200 day simple moving average is $214.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.97 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the business earned $2.31 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

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.