Packaging Corporation of America (NYSE:PKG) Price Target Raised to $320.00

Packaging Corporation of America (NYSE:PKG) had its price objective upped by JPMorgan Chase & Co. from $312.00 to $320.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Bank of America lowered their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Truist Financial boosted their target price on 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. Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, UBS Group raised their price target on 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 assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $271.14.

Packaging Corporation of America Stock Down 0.4%

PKG stock opened at $237.06 on Wednesday. The company has a market cap of $21.12 billion, a P/E ratio of 30.79, a P/E/G ratio of 2.04 and a beta of 0.78. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The company’s 50-day moving average price is $243.04 and its 200 day moving average price is $227.93. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results 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. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $2.48 earnings per share. The firm’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. On average, research analysts expect that Packaging Corporation of America will post 10.49 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. Packaging Corporation of America’s dividend payout ratio (DPR) is 77.92%.

Insiders Place Their Bets

In related news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction dated 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 transaction, the president owned 202,891 shares in the company, valued at $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,391 shares of company stock valued at $10,196,101. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden boosted its position in shares of Packaging Corporation of America by 4,309.0% in the second quarter. Andra AP fonden now owns 4,409 shares of the industrial products company’s stock worth $1,051,000 after acquiring an additional 4,309 shares during the last quarter. Talon Private Wealth LLC raised its stake in Packaging Corporation of America by 21.0% during the second quarter. Talon Private Wealth LLC now owns 11,263 shares of the industrial products company’s stock worth $2,684,000 after purchasing an additional 1,954 shares during the period. National Pension Service boosted its holdings in shares of Packaging Corporation of America by 11.1% in the 2nd quarter. National Pension Service now owns 6,305 shares of the industrial products company’s stock valued at $1,502,000 after purchasing an additional 631 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in shares of Packaging Corporation of America in the 2nd quarter valued at $208,000. Finally, Summit Financial Strategies Inc. boosted its holdings in shares of Packaging Corporation of America by 7.9% in the 2nd quarter. Summit Financial Strategies Inc. now owns 265,099 shares of the industrial products company’s stock valued at $63,168,000 after purchasing an additional 19,442 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.