Corient Private Wealth LP Invests $18.83 Million in Packaging Corporation of America $PKG

Corient Private Wealth LP acquired a new position in Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 79,041 shares of the industrial products company’s stock, valued at approximately $18,834,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Packaging Corporation of America in the 2nd quarter valued at $1,837,506,000. State Street Corp increased its holdings in shares of Packaging Corporation of America by 1.3% during the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Packaging Corporation of America by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after purchasing an additional 83,978 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Packaging Corporation of America by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after purchasing an additional 231,474 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Packaging Corporation of America during the second quarter valued at about $748,095,000. Institutional investors own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares in the company, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 40,391 shares of company stock valued at $10,196,101. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $240.87 on Friday. The business’s fifty day moving average price is $242.62 and its two-hundred day moving average price is $228.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $2.48 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America increased their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Finally, Citigroup lifted their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.57.

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.