Packaging Corporation of America $PKG Shares Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its position in Packaging Corporation of America (NYSE:PKG) by 277.4% during the 1st quarter, Holdings Channel reports. The fund owned 6,166 shares of the industrial products company’s stock after acquiring an additional 4,532 shares during the quarter. Lido Advisors LLC’s holdings in Packaging Corporation of America were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. Norges Bank acquired a new stake in shares of Packaging Corporation of America in the 4th quarter valued at $237,649,000. Diamant Asset Management Inc. grew its stake in shares of Packaging Corporation of America by 19,710.3% during the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after purchasing an additional 888,936 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Packaging Corporation of America by 29.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after buying an additional 521,352 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Packaging Corporation of America by 100.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 983,216 shares of the industrial products company’s stock valued at $202,769,000 after buying an additional 492,410 shares during the last quarter. Finally, FIL Ltd raised its stake in Packaging Corporation of America by 19.4% in the fourth quarter. FIL Ltd now owns 2,792,936 shares of the industrial products company’s stock valued at $575,987,000 after buying an additional 453,319 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of PKG opened at $252.76 on Tuesday. Packaging Corporation of America has a 1-year low of $189.03 and a 1-year high of $256.44. The stock has a market cap of $22.52 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80. 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 firm has a fifty day moving average price of $228.28 and a 200 day moving average price of $223.07.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the company posted $2.48 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.5 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PKG. Bank of America lifted their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday. 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 report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.71.

Insider Activity

In other 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 directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

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.