Folger Nolan Fleming Douglas Capital Management Inc. Purchases Shares of 3,430 Packaging Corporation of America $PKG

Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,430 shares of the industrial products company’s stock, valued at approximately $728,000.

A number of other hedge funds also recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its position in Packaging Corporation of America by 73.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 1,252 shares during the last quarter. Empowered Funds LLC grew its position in shares of Packaging Corporation of America by 538.6% in the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 5,316 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. Sivia Capital Partners LLC increased its position in Packaging Corporation of America by 43.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares during the period. Finally, Cresset Asset Management LLC increased its position in shares of Packaging Corporation of America by 17.0% during the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock worth $336,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

PKG has been the topic of several research analyst reports. 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. Citigroup dropped their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. UBS Group upgraded 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 report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Packaging Corporation of America Price Performance

PKG stock opened at $237.18 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The company’s 50-day moving average is $221.62 and its 200-day moving average is $219.28. The stock has a market capitalization of $21.13 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81. Packaging Corporation of America has a 1 year low of $187.42 and a 1 year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm’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. Equities research analysts expect that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is presently 72.99%.

Insider Activity at Packaging Corporation of America

In other 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 directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

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.