JPMorgan Chase & Co. Acquires 231,474 Shares of Packaging Corporation of America $PKG

JPMorgan Chase & Co. lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,316,670 shares of the industrial products company’s stock after buying an additional 231,474 shares during the period. JPMorgan Chase & Co.’s holdings in Packaging Corporation of America were worth $683,997,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Packaging Corporation of America by 2.1% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 48 shares during the last quarter. River Street Advisors LLC lifted its holdings in shares of Packaging Corporation of America by 1.0% in the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after acquiring an additional 51 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Packaging Corporation of America by 2.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 54 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Packaging Corporation of America by 40.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $227.42 on Wednesday. The firm has a market cap of $20.26 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. Packaging Corporation of America has a 12-month low of $184.76 and a 12-month high of $249.51. 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’s fifty day simple moving average is $214.99 and its two-hundred day simple moving average is $216.01.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm earned $2.31 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts expect that Packaging Corporation of America will post 10.8 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 60.83%.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price target for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Finally, Wells Fargo & Company cut their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus price target of $236.57.

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.