First Horizon Corp Buys 35,795 Shares of Packaging Corporation of America $PKG

First Horizon Corp boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 74,572.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,843 shares of the industrial products company’s stock after acquiring an additional 35,795 shares during the quarter. First Horizon Corp’s holdings in Packaging Corporation of America were worth $7,392,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PKG. Millennium Management LLC increased its stake in Packaging Corporation of America by 223.6% during the third quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after acquiring an additional 1,047,902 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after acquiring an additional 1,015,894 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Packaging Corporation of America by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after acquiring an additional 370,573 shares during the last quarter. Boston Partners increased its stake in Packaging Corporation of America by 26.9% during the third quarter. Boston Partners now owns 1,664,470 shares of the industrial products company’s stock worth $362,719,000 after acquiring an additional 353,095 shares during the last quarter. Finally, Cartenna Capital LP purchased a new stake in shares of Packaging Corporation of America in the third quarter valued at $75,186,000. 89.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PKG shares. Wells Fargo & Company reduced their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Citigroup reduced their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They issued a “hold” rating and a $225.00 target price on the stock. Finally, Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $230.00.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $213.38 on Friday. Packaging Corporation of America has a 52-week low of $176.45 and a 52-week high of $249.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The firm has a market capitalization of $19.00 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.88 and a beta of 0.90. The stock has a 50 day moving average price of $220.79 and a 200 day moving average price of $212.63.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. Packaging Corporation of America’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period 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. As a group, sell-side analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Packaging Corporation of America’s payout ratio is 58.34%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the sale, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. The trade was a 5.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company 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.