Empowered Funds LLC Raises Stock Position in Packaging Corporation of America $PKG

Empowered Funds LLC lifted its position in Packaging Corporation of America (NYSE:PKG) by 95.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 10,280 shares of the industrial products company’s stock after acquiring an additional 5,020 shares during the period. Empowered Funds LLC’s holdings in Packaging Corporation of America were worth $2,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PKG. Quantinno Capital Management LP raised its holdings in shares of Packaging Corporation of America by 0.7% in the 1st quarter. Quantinno Capital Management LP now owns 113,026 shares of the industrial products company’s stock valued at $23,987,000 after purchasing an additional 741 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in Packaging Corporation of America by 88.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 3,106 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 1,454 shares during the period. Weiss Asset Management LP lifted its stake in Packaging Corporation of America by 407.6% during the 1st quarter. Weiss Asset Management LP now owns 22,654 shares of the industrial products company’s stock valued at $4,808,000 after acquiring an additional 18,191 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in shares of Packaging Corporation of America by 15.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 15,937 shares of the industrial products company’s stock valued at $3,382,000 after buying an additional 2,191 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in Packaging Corporation of America during the first quarter worth $1,464,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 0.3%

PKG opened at $256.12 on Thursday. The firm has a market cap of $22.82 billion, a P/E ratio of 33.26, a PEG ratio of 2.41 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. Packaging Corporation of America has a 52 week low of $191.13 and a 52 week high of $258.81. The business’s fifty day simple moving average is $233.49 and its 200 day simple moving average is $224.78.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a dividend of $1.50 per share. This is an increase 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 2.3%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s payout ratio is 77.92%.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 8,797 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $257.00, for a total value of $2,260,829.00. Following the transaction, the president owned 209,954 shares of the company’s stock, valued at $53,958,178. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,594 shares of company stock worth $7,405,042 over the last 90 days. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PKG. UBS Group dropped their price target on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Citigroup lifted their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. One equities research 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’s stock. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $261.57.

Packaging Corporation of America Company 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.