Cannell & Spears LLC Increases Stake in Packaging Corporation of America $PKG

Cannell & Spears LLC grew its stake in shares of Packaging Corporation of America (NYSE:PKG) by 368.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,844 shares of the industrial products company’s stock after buying an additional 159,588 shares during the period. Cannell & Spears LLC’s holdings in Packaging Corporation of America were worth $44,206,000 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. Vanguard Group Inc. boosted its position in shares of Packaging Corporation of America by 1.6% during the second quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after acquiring an additional 176,811 shares during the last quarter. State Street Corp increased its holdings in 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 valued at $777,037,000 after acquiring an additional 43,141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 370,573 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Packaging Corporation of America by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after purchasing an additional 55,784 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 0.5%

Shares of NYSE PKG opened at $215.10 on Friday. 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 has a 12-month low of $172.71 and a 12-month high of $249.51. The firm’s 50-day moving average price is $226.57 and its 200-day moving average price is $213.61. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.65 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business posted $2.47 EPS. The company’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, equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s payout ratio is currently 58.34%.

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction 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 sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup lifted their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Truist Financial cut their price target on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.00.

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.