Westpac Banking Corp Has $1.59 Million Stock Position in Packaging Corporation of America $PKG

Westpac Banking Corp boosted its stake in Packaging Corporation of America (NYSE:PKG) by 1,303.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,497 shares of the industrial products company’s stock after acquiring an additional 6,963 shares during the period. Westpac Banking Corp’s holdings in Packaging Corporation of America were worth $1,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PKG. Vanguard Group Inc. lifted its position in shares of Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after purchasing an additional 51,790 shares during the period. State Street Corp boosted its stake in shares of Packaging Corporation of America by 1.3% in the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after purchasing an additional 54,884 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Packaging Corporation of America by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after purchasing an additional 83,978 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Packaging Corporation of America by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock worth $683,997,000 after buying an additional 231,474 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Packaging Corporation of America by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock worth $580,897,000 after buying an additional 73,047 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America News Summary

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Q2 adjusted earnings came in at $2.35 per share, ahead of the $2.31 consensus estimate, and revenue increased 14.7% year over year to $2.5 billion. Packaging Corporation of America Reports Second Quarter 2026 Results
• Neutral Sentiment: The company’s net income and margins remained solid, with reported net income of $192 million and adjusted net income of $210 million, suggesting stable operating performance rather than a major surprise. Packaging Corporation of America posts Q2 CY2026 sales in line with estimates
• Negative Sentiment: Management’s Q3 2026 EPS guidance of $2.91 was slightly below the $2.97 analyst consensus, which may be pressuring the stock despite the Q2 beat. Packaging Corporation of America Reports Second Quarter 2026 Results

Insider Buying and Selling at Packaging Corporation of America

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

Packaging Corporation of America Stock Performance

NYSE:PKG opened at $227.37 on Thursday. 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 $189.03 and a twelve month high of $249.51. The company has a fifty day moving average of $226.33 and a 200-day moving average of $222.32. The firm has a market capitalization of $20.26 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.12 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, sell-side analysts anticipate that Packaging Corporation of America will post 10.46 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a dividend of $1.50 per share. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 72.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PKG shares. Bank of America boosted their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Finally, Truist Financial upped their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.14.

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.