Principal Financial Group Inc. Lowers Stock Holdings in Packaging Corporation of America $PKG

Principal Financial Group Inc. lessened its stake in shares of Packaging Corporation of America (NYSE:PKG) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 462,975 shares of the industrial products company’s stock after selling 7,315 shares during the quarter. Principal Financial Group Inc.’s holdings in Packaging Corporation of America were worth $100,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new position in Packaging Corporation of America in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 57 shares in the last quarter. NBT Bank N A NY purchased a new stake in shares of Packaging Corporation of America in the third quarter valued at about $41,000. CYBER HORNET ETFs LLC acquired a new position in shares of Packaging Corporation of America during the second quarter worth about $44,000. Finally, Global Wealth Strategies & Associates purchased a new position in Packaging Corporation of America during the third quarter worth about $44,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Trading Up 0.7%

Shares of PKG stock opened at $224.06 on Tuesday. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $231.12. The stock has a market cap of $20.16 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.70 and a beta of 0.88. The business has a fifty day simple moving average of $209.89 and a 200-day simple moving average of $207.20. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company posted $2.47 earnings per share. Packaging Corporation of America’s revenue was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, December 15th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PKG shares. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. JPMorgan Chase & Co. upped their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Citigroup increased their price objective on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

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.