Royal London Asset Management Ltd. Has $5.19 Million Stock Position in Packaging Corporation of America $PKG

Royal London Asset Management Ltd. lessened its stake in Packaging Corporation of America (NYSE:PKG) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,770 shares of the industrial products company’s stock after selling 3,372 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Packaging Corporation of America were worth $5,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DV Equities LLC bought a new position in Packaging Corporation of America in the 4th quarter valued at about $26,000. Covestor Ltd lifted its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Navalign LLC bought a new position in Packaging Corporation of America in the fourth quarter valued at approximately $36,000. Finally, Fiduciary Financial Advisors bought a new position in Packaging Corporation of America in the second quarter valued at approximately $36,000. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total value of $1,794,002.00. Following the completion of the transaction, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,391 shares of company stock worth $10,196,101 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock opened at $234.84 on Tuesday. The company’s 50 day moving average price is $242.63 and its two-hundred day moving average price is $227.94. The firm has a market capitalization of $20.92 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.27 and a beta of 0.80. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

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 (EPS) for the quarter, topping 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 18.94%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the business earned $2.48 earnings per share. The company’s revenue for the quarter 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 analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PKG shares. UBS Group upped their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Citigroup upped their price objective on 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. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. One 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $264.57.

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.