MUFG Securities EMEA plc Has $756,000 Stake in Packaging Corporation of America $PKG

MUFG Securities EMEA plc decreased its position in shares of Packaging Corporation of America (NYSE:PKG) by 89.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,668 shares of the industrial products company’s stock after selling 32,043 shares during the period. MUFG Securities EMEA plc’s holdings in Packaging Corporation of America were worth $756,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Packaging Corporation of America by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after acquiring an additional 51,790 shares in the last quarter. State Street Corp boosted its holdings in shares of Packaging Corporation of America by 0.8% during the 3rd quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after acquiring an additional 33,624 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after acquiring an additional 370,573 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Packaging Corporation of America by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,420,383 shares of the industrial products company’s stock valued at $497,283,000 after acquiring an additional 16,902 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Packaging Corporation of America by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after acquiring an additional 55,784 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated 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 $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Argus raised Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Wells Fargo & Company cut their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Truist Financial reaffirmed a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Citigroup cut their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. lifted their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.57.

Packaging Corporation of America Stock Performance

PKG stock opened at $224.70 on Thursday. The stock has a 50-day moving average price of $214.11 and a 200-day moving average price of $215.23. Packaging Corporation of America has a 1-year low of $184.76 and a 1-year high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The firm has a market cap of $20.02 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.03 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last issued its 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. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities research analysts expect that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. 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. Packaging Corporation of America’s dividend payout ratio is presently 60.83%.

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.