Packaging Corporation of America $PKG Stock Holdings Boosted by USS Investment Management Ltd

USS Investment Management Ltd increased its position in Packaging Corporation of America (NYSE:PKG) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,667 shares of the industrial products company’s stock after acquiring an additional 2,603 shares during the period. USS Investment Management Ltd’s holdings in Packaging Corporation of America were worth $4,386,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. DV Equities LLC bought a new position in Packaging Corporation of America in the 4th quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Packaging Corporation of America during the third quarter valued at approximately $31,000. Covestor Ltd raised its holdings in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the period. Finally, Navalign LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter worth approximately $36,000. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Trading Down 0.1%

Shares of NYSE:PKG opened at $237.99 on Friday. The company has a 50 day moving average of $223.82 and a 200-day moving average of $220.12. The firm has a market cap of $21.21 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.23 and a beta of 0.80. Packaging Corporation of America has a twelve month low of $189.03 and a twelve month 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.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm posted $2.31 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is 72.99%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PKG shares. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. 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. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price target for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Finally, Truist Financial reissued a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. One investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

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.