North Dakota State Investment Board Takes Position in Packaging Corporation of America $PKG

North Dakota State Investment Board bought a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,028 shares of the industrial products company’s stock, valued at approximately $624,000.

Several other hedge funds have also recently made changes to their positions in PKG. Cornerstone Planning Group LLC increased its stake in shares of Packaging Corporation of America by 105.4% during the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Packaging Corporation of America during the third quarter valued at approximately $31,000. Navalign LLC purchased a new position in shares of Packaging Corporation of America during the fourth quarter valued at approximately $36,000. Geneos Wealth Management Inc. increased its stake in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after buying an additional 57 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Up 0.4%

NYSE PKG opened at $213.96 on Friday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51. The firm has a market capitalization of $19.06 billion, a PE ratio of 26.03, a P/E/G ratio of 1.93 and a beta of 0.81. The stock’s 50 day moving average is $212.78 and its 200 day moving average is $213.94.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts forecast that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is presently 60.83%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PKG. Wells Fargo & Company reduced their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Truist Financial reissued a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the company from $225.00 to $256.00 in a research note on Monday, May 4th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the company from $232.00 to $248.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average price target of $236.57.

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.