Sumitomo Mitsui Trust Group Inc. Has $45.67 Million Stake in Packaging Corporation of America $PKG

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Packaging Corporation of America (NYSE:PKG) by 3.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 215,210 shares of the industrial products company’s stock after selling 7,253 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Packaging Corporation of America were worth $45,672,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. DV Equities LLC acquired a new position in Packaging Corporation of America in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Packaging Corporation of America during the 3rd quarter worth about $31,000. Covestor Ltd raised its position in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Finally, Navalign LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter valued at about $36,000. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

PKG has been the subject of several recent analyst reports. Citigroup raised their target price on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research note on Thursday. 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. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of 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 reiterated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $253.00.

Trending Headlines about Packaging Corporation of America

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Packaging Corporation of America to $269 from $246 and kept an overweight rating, signaling the most bullish outlook among the recent notes. Packaging Corporation of America (NYSE:PKG) Given New $269.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Citigroup increased its price target to $241 from $229, while maintaining a neutral rating, suggesting modest upside from current levels. Packaging Corporation of America (NYSE:PKG) Given New $241.00 Price Target at Citigroup
• Neutral Sentiment: Wells Fargo reaffirmed its equal weight rating on PKG and slightly lifted its target to $246 from $245, indicating a largely unchanged view with limited upside. Packaging Corporation of America’s (PKG) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company
• Negative Sentiment: Wells Fargo also downgraded Packaging Corporation of America from overweight to equal weight, which may temper enthusiasm despite the higher target price. Packaging Corporation of America downgraded by Wells Fargo & Company from overweight to equal weight

Insider Activity

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 completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $229.02 on Monday. 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 stock has a 50-day moving average of $225.15 and a 200-day moving average of $221.12. The company has a market cap of $20.41 billion, a PE ratio of 27.86, a P/E/G ratio of 2.14 and a beta of 0.80. Packaging Corporation of America has a one year low of $189.03 and a one year high of $249.51.

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. 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 for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the business earned $2.31 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict 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 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. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. Packaging Corporation of America’s payout ratio is currently 72.99%.

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.