MV Capital Management Inc. Invests $2.36 Million in Packaging Corporation of America $PKG

MV Capital Management Inc. acquired a new stake in Packaging Corporation of America (NYSE:PKG) in the 4th quarter, Holdings Channel reports. The firm acquired 11,461 shares of the industrial products company’s stock, valued at approximately $2,364,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its stake in shares of Packaging Corporation of America by 201.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 202,886 shares of the industrial products company’s stock worth $41,842,000 after acquiring an additional 135,650 shares during the last quarter. Compound Planning Inc. raised its stake in Packaging Corporation of America by 48.3% during the 4th quarter. Compound Planning Inc. now owns 2,556 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 833 shares during the last quarter. Invesco Ltd. raised its stake in Packaging Corporation of America by 7.1% during the 4th quarter. Invesco Ltd. now owns 1,079,532 shares of the industrial products company’s stock valued at $222,632,000 after purchasing an additional 71,373 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Packaging Corporation of America by 35.6% in the 4th quarter. Corient Private Wealth LLC now owns 113,444 shares of the industrial products company’s stock valued at $23,396,000 after purchasing an additional 29,771 shares during the period. Finally, Caitlin John LLC acquired a new stake in Packaging Corporation of America in the 4th quarter worth $305,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 0.1%

Shares of PKG stock opened at $229.47 on Friday. The stock has a market cap of $20.45 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.07 and a beta of 0.81. Packaging Corporation of America has a one year low of $184.76 and a one year high of $249.51. The stock has a fifty day moving average price of $217.72 and a 200 day moving average price of $217.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88.

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

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This is an increase 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 annualized dividend and a dividend yield of 2.6%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PKG. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company lowered their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America 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 sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The sale 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.

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.