The Manufacturers Life Insurance Company Buys Shares of 53,970 Packaging Corporation of America $PKG

The Manufacturers Life Insurance Company purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,970 shares of the industrial products company’s stock, valued at approximately $12,860,000. The Manufacturers Life Insurance Company owned approximately 0.06% of Packaging Corporation of America at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PKG. DV Equities LLC bought a new stake in Packaging Corporation of America during the fourth quarter worth approximately $26,000. Covestor Ltd boosted its stake in 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 purchasing an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC acquired a new position in shares of Packaging Corporation of America during the 4th quarter valued at $36,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $36,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 completion of the transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares in the company, valued at $54,687,750. This represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,391 shares of company stock valued at $10,196,101 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $240.87 on Friday. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The stock has a fifty day moving average of $242.62 and a 200-day moving average of $228.06. The company has a market capitalization of $21.46 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. Citigroup lifted their target price 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. Truist Financial boosted their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Bank of America upped their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, UBS Group raised their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

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.