215,545 Shares in Packaging Corporation of America $PKG Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 215,545 shares of the industrial products company’s stock, valued at approximately $51,360,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Packaging Corporation of America as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Packaging Corporation of America by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after acquiring an additional 51,790 shares in the last quarter. State Street Corp boosted its stake in Packaging Corporation of America by 1.3% in the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Packaging Corporation of America by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after purchasing an additional 83,978 shares during the period. JPMorgan Chase & Co. increased its holdings in Packaging Corporation of America by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after purchasing an additional 231,474 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at about $748,095,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Up 1.1%

Shares of NYSE:PKG opened at $253.10 on Thursday. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The company has a market capitalization of $22.55 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. The company has a 50-day simple moving average of $240.05 and a 200 day simple moving average of $227.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares of the company’s stock, valued at $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark W. Kowlzan sold 9,266 shares of the 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,657 shares of company stock valued at $9,199,044 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. UBS Group lifted their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. boosted their price objective on shares of 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. Finally, Citigroup boosted their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

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.