JPMorgan Chase & Co. Has $672.36 Million Position in Packaging Corporation of America $PKG

JPMorgan Chase & Co. increased its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,085,196 shares of the industrial products company’s stock after purchasing an additional 370,573 shares during the period. JPMorgan Chase & Co. owned approximately 3.43% of Packaging Corporation of America worth $672,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares during the period. NBT Bank N A NY acquired a new position in Packaging Corporation of America during the 3rd quarter valued at $41,000. Geneos Wealth Management Inc. boosted its holdings in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Packaging Corporation of America in the 3rd quarter worth $44,000. Finally, Root Financial Partners LLC bought a new position in shares of Packaging Corporation of America during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the subject of several research reports. UBS Group increased their target price on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Wells Fargo & Company lifted their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Truist Financial decreased their price target on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Stock Down 2.4%

PKG opened at $240.36 on Wednesday. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.89 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. The firm’s 50-day simple moving average is $218.65 and its 200-day simple moving average is $210.11. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. Packaging Corporation of America’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were given a dividend of $1.25 per share. The ex-dividend date was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. Packaging Corporation of America’s dividend payout ratio is 58.34%.

Insiders Place Their Bets

In other news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

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.