Packaging Corporation of America $PKG Shares Bought by M&T Bank Corp

M&T Bank Corp boosted its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 49.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 83,583 shares of the industrial products company’s stock after buying an additional 27,750 shares during the quarter. M&T Bank Corp’s holdings in Packaging Corporation of America were worth $17,237,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its position in Packaging Corporation of America by 0.8% during the 3rd quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after buying an additional 33,624 shares in the last quarter. JPMorgan Chase & Co. grew its position in Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after purchasing an additional 370,573 shares during the last quarter. Ameriprise Financial Inc. grew its position in Packaging Corporation of America by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock worth $426,016,000 after purchasing an additional 55,784 shares during the last quarter. American Century Companies Inc. grew its position in Packaging Corporation of America by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,924,050 shares of the industrial products company’s stock worth $419,309,000 after purchasing an additional 63,937 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Packaging Corporation of America by 119.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after purchasing an additional 1,015,894 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PKG has been the topic of several research analyst reports. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Wells Fargo & Company dropped their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Citigroup dropped their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Truist Financial dropped their price target on Packaging Corporation of America from $267.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $229.00.

Packaging Corporation of America Stock Up 4.9%

Packaging Corporation of America stock opened at $215.24 on Friday. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. Packaging Corporation of America has a 52 week low of $178.30 and a 52 week high of $249.51. The business’s 50-day moving average price is $218.26 and its 200 day moving average price is $212.53. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.Packaging Corporation of America’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

Packaging Corporation of America News Roundup

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

• Positive Sentiment: Q1 EPS beat — PKG reported $2.40 adjusted EPS vs. $2.17 consensus, signaling underlying profit strength and driving immediate investor confidence. BusinessWire: Q1 Results
• Positive Sentiment: Management cites strong pricing power and operational efficiency as drivers of higher profit margins, suggesting sustainable improvement in earnings quality. MSN: Pricing Power
• Positive Sentiment: Management expects Q2 EPS (excluding special items) of $2.33 and said price benefits should build into Q3, implying improving margin tailwinds later in the year even though near-term guidance is muted. MSN: Guidance Commentary
• Neutral Sentiment: Revenue rose ~10.6% YoY to ~$2.37–2.4B, showing demand growth, but reported sales slightly missed some analyst estimates — mixed signal for topline momentum. MarketBeat: Q1 Summary
• Negative Sentiment: Q2 guidance below Street expectations (company: $2.33 vs. consensus ~ $2.52) creates near-term downside risk and explains some caution among investors. Company Guidance Release
• Negative Sentiment: Analysts flag margin pressure, special items and weaker results at related peers (Greif) that temper the beat; at least one firm has cut expectations and others note the stock’s full valuation. Zacks: Margin/Special Items AmericanBankingNews: Truist Lowers Expectations Seeking Alpha: Valuation

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company 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.