CIBC Asset Management Inc Grows Stock Position in Packaging Corporation of America $PKG

CIBC Asset Management Inc boosted its position in Packaging Corporation of America (NYSE:PKG) by 56.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,193 shares of the industrial products company’s stock after purchasing an additional 8,389 shares during the period. CIBC Asset Management Inc’s holdings in Packaging Corporation of America were worth $4,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Packaging Corporation of America by 0.5% in 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 buying an additional 51,790 shares during the last quarter. State Street Corp increased its position in Packaging Corporation of America by 0.8% in the third quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock worth $905,383,000 after buying an additional 33,624 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after purchasing an additional 370,573 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Packaging Corporation of America by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,420,383 shares of the industrial products company’s stock valued at $497,283,000 after purchasing an additional 16,902 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Packaging Corporation of America by 16.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,166,789 shares of the industrial products company’s stock valued at $446,857,000 after purchasing an additional 303,430 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Down 0.8%

NYSE PKG opened at $222.99 on Friday. Packaging Corporation of America has a 1-year low of $184.76 and a 1-year high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $214.54 and a 200-day moving average of $215.48. The firm has a market cap of $19.87 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the business earned $2.31 EPS. Packaging Corporation of America’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, sell-side analysts forecast that Packaging Corporation of America will post 10.8 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.7%. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 60.83%.

Analyst Ratings Changes

PKG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price target for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.57.

Insider Buying and Selling at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

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.