14,511 Shares in Packaging Corporation of America $PKG Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 14,511 shares of the industrial products company’s stock, valued at approximately $3,449,000.

A number of other hedge funds have also recently bought and sold shares of PKG. Orion Capital Management LLC acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at $82,000. Glenview Trust Co acquired a new position in shares of Packaging Corporation of America during the second quarter valued at $354,000. Empowered Funds LLC acquired a new position in shares of Packaging Corporation of America during the second quarter valued at $3,226,000. United Capital Financial Advisors LLC bought a new position in Packaging Corporation of America in the second quarter valued at about $781,000. Finally, Public Employees Retirement System of Ohio bought a new position in Packaging Corporation of America in the second quarter valued at about $6,726,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares in the company, valued at $54,687,750. The trade was a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,391 shares of company stock valued at $10,196,101 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Up 0.2%

Shares of Packaging Corporation of America stock opened at $240.87 on Monday. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. The business has a fifty day simple moving average of $242.62 and a 200 day simple moving average of $227.98. The stock has a market cap of $21.46 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company posted $2.48 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts predict that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America 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.