Insider Selling: Packaging Corporation of America (NYSE:PKG) President Sells $2,260,829.00 in Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 8,797 shares of Packaging Corporation of America 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 completion of the transaction, the president owned 209,954 shares of the company’s stock, valued at $53,958,178. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $255.98 on Friday. Packaging Corporation of America has a one year low of $191.50 and a one year high of $258.81. The company has a market cap of $22.81 billion, a PE ratio of 33.24, a P/E/G ratio of 2.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The business has a 50-day simple moving average of $234.93 and a 200-day simple moving average of $225.21.

Packaging Corporation of America (NYSE:PKG) last issued its 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. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $2.48 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities research analysts forecast 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 issued a $1.50 dividend. 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. 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 (DPR) is 77.92%.

Institutional Investors Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Benchmark Financial Wealth Advisors LLC boosted its stake in 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 buying an additional 48 shares during the last quarter. River Street Advisors LLC grew its holdings in 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 valued at $1,106,000 after buying an additional 51 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Packaging Corporation of America by 5.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 52 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Packaging Corporation of America by 2.9% during 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 period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Packaging Corporation of America by 40.4% in the first 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 and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on PKG shares. Citigroup increased their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Truist Financial lifted their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.