Intech Investment Management LLC Decreases Position in Packaging Corporation of America $PKG

Intech Investment Management LLC trimmed its position in shares of Packaging Corporation of America (NYSE:PKG) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,108 shares of the industrial products company’s stock after selling 3,150 shares during the quarter. Intech Investment Management LLC’s holdings in Packaging Corporation of America were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in 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 worth $25,000 after purchasing an additional 59 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Packaging Corporation of America during the third quarter worth $31,000. Covestor Ltd boosted its position in Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Navalign LLC purchased a new stake in Packaging Corporation of America during the fourth quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised 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 worth $39,000 after acquiring an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $222.99 on Friday. The firm has a market capitalization of $19.87 billion, a PE ratio of 27.13, a P/E/G ratio of 2.03 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The business has a 50-day moving average of $214.54 and a two-hundred day moving average of $215.48. Packaging Corporation of America has a 12 month low of $184.76 and a 12 month high of $249.51.

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

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.7%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is currently 60.83%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PKG. Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Argus raised Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Citigroup cut their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Truist Financial reissued a “buy” rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. boosted their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.57.

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.