Research Analysts’ Weekly Ratings Updates for Packaging Corporation of America (PKG)

Several analysts have recently updated their ratings and price targets for Packaging Corporation of America (NYSE: PKG):

• 7/15/2026 – Packaging Corporation of America had its price target raised by Truist Financial Corporation from $258.00 to $270.00. They now have a “buy” rating on the stock.
• 7/14/2026 – Packaging Corporation of America had its price target raised by Bank of America Corporation from $242.00 to $263.00. They now have a “buy” rating on the stock.
• 7/9/2026 – Packaging Corporation of America had its price target raised by Citigroup Inc. from $229.00 to $241.00. They now have a “neutral” rating on the stock.
• 7/9/2026 – Packaging Corporation of America had its price target raised by JPMorgan Chase & Co. from $246.00 to $269.00. They now have an “overweight” rating on the stock.
• 7/9/2026 – Packaging Corporation of America had its “equal weight” rating reaffirmed by Wells Fargo & Company. They now have a $246.00 price target on the stock, up from $245.00.
• 7/8/2026 – Packaging Corporation of America was downgraded by Wells Fargo & Company from “overweight” to “equal weight”. They now have a $246.00 price target on the stock, up from $245.00.
• 5/26/2026 – Packaging Corporation of America was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 5/20/2026 – Packaging Corporation of America was upgraded by UBS Group AG from “neutral” to “buy”. They now have a $248.00 price target on the stock, up from $232.00.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a dividend of $1.50 per share. The ex-dividend date was Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. 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 currently 72.99%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’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 of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

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.