Packaging Corporation of America (NYSE:PKG) CEO Mark Kowlzan Sells 9,266 Shares of Stock

Packaging Corporation of America (NYSE:PKG) CEO Mark Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $217.99 on Friday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $19.42 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The business has a 50 day moving average price of $212.83 and a 200-day moving average price of $214.62. Packaging Corporation of America has a 52 week low of $184.76 and a 52 week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.Packaging Corporation of America’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.8%. Packaging Corporation of America’s dividend payout ratio (DPR) is 60.83%.

Analysts Set New Price Targets

Several brokerages have commented on PKG. Truist Financial reaffirmed a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their target price for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Wells Fargo & Company cut their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, Citigroup cut their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA grew its stake in shares of Packaging Corporation of America by 50.7% during the 1st quarter. Glenmede Trust Co. NA now owns 2,306 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 776 shares during the period. SHUTTLEWORTH & Co grew its stake in shares of Packaging Corporation of America by 1.4% during the 1st quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock worth $2,183,000 after acquiring an additional 147 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of Packaging Corporation of America during the 1st quarter worth $82,000. Dayah Capital LLC purchased a new position in shares of Packaging Corporation of America in the first quarter valued at $3,183,000. Finally, Bank of America Corp DE grew its position in shares of Packaging Corporation of America by 2.6% in the first quarter. Bank of America Corp DE now owns 1,518,100 shares of the industrial products company’s stock valued at $322,171,000 after purchasing an additional 39,118 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

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.