Azzad Asset Management Inc. ADV Boosts Holdings in Packaging Corporation of America $PKG

Azzad Asset Management Inc. ADV lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 50.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,225 shares of the industrial products company’s stock after purchasing an additional 3,749 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Packaging Corporation of America were worth $2,382,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its stake in shares of Packaging Corporation of America by 0.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 27,222 shares of the industrial products company’s stock worth $5,761,000 after acquiring an additional 251 shares in the last quarter. Lmcg Investments LLC increased its position in shares of Packaging Corporation of America by 3.5% during the first quarter. Lmcg Investments LLC now owns 56,814 shares of the industrial products company’s stock worth $12,057,000 after acquiring an additional 1,928 shares during the period. Stephens Inc. AR raised its stake in shares of Packaging Corporation of America by 0.9% in the first quarter. Stephens Inc. AR now owns 58,250 shares of the industrial products company’s stock valued at $12,422,000 after acquiring an additional 505 shares in the last quarter. Kepler Cheuvreux Suisse SA acquired a new stake in shares of Packaging Corporation of America in the first quarter valued at $831,000. Finally, Vivid Wealth Management LLC acquired a new position in Packaging Corporation of America during the 1st quarter worth $2,343,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s 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 transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKG. Wells Fargo & Company reaffirmed 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 report on Thursday. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Truist Financial reaffirmed a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. 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 stock. According to data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average price target of $253.00.

Packaging Corporation of America Trading Up 0.2%

NYSE:PKG opened at $224.90 on Friday. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year high of $249.51. The stock has a market cap of $20.04 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The stock has a 50-day simple moving average of $224.90 and a 200-day simple moving average of $220.97.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. The business 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 19.27% and a net margin of 8.04%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed 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 is Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is presently 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.