Packaging Corporation of America $PKG Position Trimmed by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 40.5% during the first quarter, Holdings Channel reports. The firm owned 3,323 shares of the industrial products company’s stock after selling 2,265 shares during the quarter. Sterling Capital Management LLC’s holdings in Packaging Corporation of America were worth $705,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PKG. Integrated Wealth Concepts LLC raised its stake in Packaging Corporation of America by 73.5% during the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares during the period. Empowered Funds LLC boosted its stake in Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after acquiring an additional 5,316 shares during the period. Geneos Wealth Management Inc. boosted its stake in Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of Packaging Corporation of America by 17.0% during the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Trading Down 0.1%

Packaging Corporation of America stock opened at $238.05 on Thursday. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The stock has a market capitalization of $21.21 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80. The firm has a 50 day simple moving average of $222.61 and a 200-day simple moving average of $219.76.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities research analysts expect that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

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 on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Citigroup lowered their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company dropped their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.