KBC Group NV Trims Holdings in Packaging Corporation of America $PKG

KBC Group NV lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 63.9% during the first quarter, Holdings Channel reports. The firm owned 37,238 shares of the industrial products company’s stock after selling 65,970 shares during the quarter. KBC Group NV’s holdings in Packaging Corporation of America were worth $7,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DV Equities LLC purchased a new stake in Packaging Corporation of America in the 4th quarter worth approximately $26,000. Covestor Ltd increased its stake in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after buying an additional 80 shares during the period. Navalign LLC purchased a new position in shares of Packaging Corporation of America during the fourth quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price target for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Citigroup boosted their price objective on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Bank of America raised their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial lifted their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.14.

Packaging Corporation of America Trading Down 0.4%

PKG opened at $227.37 on Thursday. The stock has a market cap of $20.26 billion, a PE ratio of 27.66, a PEG ratio of 2.12 and a beta of 0.80. 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 business has a 50 day moving average of $226.33 and a 200-day moving average of $222.32. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts predict that Packaging Corporation of America will post 10.46 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

Insider Activity at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

More Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Q2 adjusted earnings came in at $2.35 per share, ahead of the $2.31 consensus estimate, and revenue increased 14.7% year over year to $2.5 billion. Packaging Corporation of America Reports Second Quarter 2026 Results
• Neutral Sentiment: The company’s net income and margins remained solid, with reported net income of $192 million and adjusted net income of $210 million, suggesting stable operating performance rather than a major surprise. Packaging Corporation of America posts Q2 CY2026 sales in line with estimates
• Negative Sentiment: Management’s Q3 2026 EPS guidance of $2.91 was slightly below the $2.97 analyst consensus, which may be pressuring the stock despite the Q2 beat. Packaging Corporation of America Reports Second Quarter 2026 Results

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.