Boston Trust Walden Corp Boosts Stock Position in Packaging Corporation of America $PKG

Boston Trust Walden Corp lifted its position in shares of Packaging Corporation of America (NYSE:PKG) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,883 shares of the industrial products company’s stock after buying an additional 6,689 shares during the quarter. Boston Trust Walden Corp’s holdings in Packaging Corporation of America were worth $8,888,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Benchmark Financial Wealth Advisors LLC increased its position in shares of Packaging Corporation of America by 2.1% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 48 shares during the last quarter. River Street Advisors LLC boosted its position in Packaging Corporation of America by 1.0% in the fourth quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company’s stock worth $1,106,000 after purchasing an additional 51 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Packaging Corporation of America by 5.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,045 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 52 shares during the period. TD Private Client Wealth LLC grew its stake in Packaging Corporation of America by 2.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,929 shares of the industrial products company’s stock valued at $398,000 after purchasing an additional 54 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on PKG shares. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Wells Fargo & Company lowered their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. Citigroup dropped their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Transactions at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were 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. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

PKG stock opened at $237.99 on Friday. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year high of $249.51. The firm has a market capitalization of $21.21 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.23 and a beta of 0.80. 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’s 50-day moving average is $223.82 and its two-hundred day moving average is $220.12.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America’s payout ratio is presently 72.99%.

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.