Northwestern Mutual Wealth Management Co. Purchases Shares of 2,451 Packaging Corporation of America $PKG

Northwestern Mutual Wealth Management Co. bought a new position in shares of Packaging Corporation of America (NYSE:PKG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,451 shares of the industrial products company’s stock, valued at approximately $584,000.

Several other large investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its stake in Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares during the period. Empowered Funds LLC raised its holdings in Packaging Corporation of America by 538.6% in the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock worth $1,248,000 after purchasing an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Packaging Corporation of America by 43.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 537 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in shares of Packaging Corporation of America by 17.0% during the 2nd quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president directly owned 218,751 shares in the company, valued at $54,687,750. This represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,391 shares of company stock worth $10,196,101 over the last quarter. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PKG shares. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group upped their price target on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Truist Financial raised their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Stock Performance

PKG stock opened at $246.92 on Thursday. The company has a market cap of $22.00 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The stock’s fifty day moving average price is $242.11 and its 200-day moving average price is $227.94.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The business’s revenue for the quarter 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. On average, equities analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current year.

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.