NerdWallet Wealth Partners LLC Buys New Stake in Packaging Corporation of America $PKG

NerdWallet Wealth Partners LLC purchased a new position in Packaging Corporation of America (NYSE:PKG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,340 shares of the industrial products company’s stock, valued at approximately $510,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Packaging Corporation of America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after buying an additional 176,811 shares in the last quarter. State Street Corp increased its holdings in shares of Packaging Corporation of America by 1.1% in the 2nd quarter. State Street Corp now owns 4,097,253 shares of the industrial products company’s stock worth $777,037,000 after buying an additional 43,141 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock worth $631,557,000 after buying an additional 78,619 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Packaging Corporation of America by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,924,050 shares of the industrial products company’s stock valued at $419,309,000 after buying an additional 63,937 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on PKG shares. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. UBS Group upped their price objective on Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Citigroup raised their price objective on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company boosted their target price on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $222.45 on Monday. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.71 and a beta of 0.88. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51. The firm’s 50-day moving average is $225.46 and its 200 day moving average is $213.35. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s dividend payout ratio is presently 58.34%.

Insider Activity

In related news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.