Kestra Private Wealth Services LLC Has $1.87 Million Stake in Packaging Corporation of America $PKG

Kestra Private Wealth Services LLC lifted its stake in Packaging Corporation of America (NYSE:PKG) by 264.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,819 shares of the industrial products company’s stock after purchasing an additional 6,399 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Packaging Corporation of America were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Packaging Corporation of America in the 4th quarter worth approximately $4,664,000. PNC Financial Services Group Inc. increased its stake in shares of Packaging Corporation of America by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after acquiring an additional 6,257 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Packaging Corporation of America by 21.2% during the third quarter. Victory Capital Management Inc. now owns 1,788,060 shares of the industrial products company’s stock worth $389,672,000 after acquiring an additional 312,226 shares in the last quarter. First Horizon Corp boosted its position in Packaging Corporation of America by 74,572.9% during the fourth quarter. First Horizon Corp now owns 35,843 shares of the industrial products company’s stock valued at $7,392,000 after purchasing an additional 35,795 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Packaging Corporation of America by 7.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 185,879 shares of the industrial products company’s stock valued at $40,509,000 after purchasing an additional 12,505 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Up 0.0%

PKG opened at $241.63 on Monday. The firm has a market cap of $21.53 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81. 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 moving average price of $221.02 and a 200 day moving average price of $218.97. Packaging Corporation of America has a twelve month low of $187.41 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $2.31 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Packaging Corporation of America will post 10.45 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. Investors of record on Monday, June 15th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is 72.99%.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average price target of $241.83.

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.