Raiffeisen Bank International AG Acquires 3,331 Shares of Packaging Corporation of America $PKG

Raiffeisen Bank International AG boosted its position in shares of Packaging Corporation of America (NYSE:PKG) by 3,265.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,433 shares of the industrial products company’s stock after buying an additional 3,331 shares during the quarter. Raiffeisen Bank International AG’s holdings in Packaging Corporation of America were worth $816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PKG. BlackRock Inc. acquired a new position in shares of Packaging Corporation of America in the 2nd quarter valued at $1,837,506,000. State Street Corp increased its holdings in Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after buying an additional 83,978 shares during the period. JPMorgan Chase & Co. raised its position in shares of Packaging Corporation of America by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after acquiring an additional 231,474 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Packaging Corporation of America in the 2nd quarter valued at $748,095,000. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $237.51 on Friday. The firm has a market cap of $21.16 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The stock’s fifty day moving average price is $242.25 and its two-hundred day moving average price is $227.74. Packaging Corporation of America has a one year low of $191.50 and a one 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.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s payout ratio is 77.92%.

Insider Buying and Selling at Packaging Corporation of America

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares of the company’s stock, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of research analyst reports. UBS Group boosted their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Bank of America lifted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial upped their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One 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 company. Based on data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

About Packaging Corporation of America

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.