OP Asset Management Ltd Purchases New Position in Packaging Corporation of America $PKG

OP Asset Management Ltd acquired a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 1st quarter, Holdings Channel reports. The fund acquired 9,431 shares of the industrial products company’s stock, valued at approximately $2,001,000.

Other institutional investors have also recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter valued at $4,664,000. PNC Financial Services Group Inc. raised its stake in Packaging Corporation of America by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after buying an additional 6,257 shares during the period. Victory Capital Management Inc. raised its stake in Packaging Corporation of America by 21.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,788,060 shares of the industrial products company’s stock worth $389,672,000 after buying an additional 312,226 shares during the period. First Horizon Corp lifted its holdings in Packaging Corporation of America by 74,572.9% during the fourth quarter. First Horizon Corp now owns 35,843 shares of the industrial products company’s stock worth $7,392,000 after acquiring an additional 35,795 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Packaging Corporation of America by 7.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 185,879 shares of the industrial products company’s stock worth $40,509,000 after acquiring an additional 12,505 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PKG. Wells Fargo & Company lowered their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Truist Financial reissued a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. 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 report on Tuesday, April 14th. Finally, UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price target for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $241.63 on Monday. The company’s fifty day simple moving average is $221.02 and its 200-day simple moving average is $218.97. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The firm has a market cap of $21.53 billion, a PE ratio of 29.40, a P/E/G ratio of 2.26 and a beta of 0.81. Packaging Corporation of America has a 12 month low of $187.41 and a 12 month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during 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 firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 72.99%.

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.