Pacer Advisors Inc. Sells 2,534 Shares of Packaging Corporation of America $PKG

Pacer Advisors Inc. lessened its position in shares of Packaging Corporation of America (NYSE:PKG) by 33.2% during the first quarter, Holdings Channel reports. The institutional investor owned 5,104 shares of the industrial products company’s stock after selling 2,534 shares during the quarter. Pacer Advisors Inc.’s holdings in Packaging Corporation of America were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers National Bank purchased a new stake in Packaging Corporation of America in the 1st quarter worth about $243,000. Glenmede Trust Co. NA lifted its holdings in Packaging Corporation of America by 50.7% during the first quarter. Glenmede Trust Co. NA now owns 2,306 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 776 shares during the last quarter. SHUTTLEWORTH & Co boosted its position in Packaging Corporation of America by 1.4% during the first quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock worth $2,183,000 after purchasing an additional 147 shares during the period. SOA Wealth Advisors LLC. bought a new position in Packaging Corporation of America during the first quarter worth about $82,000. Finally, Dayah Capital LLC bought a new position in Packaging Corporation of America during the first quarter worth about $3,183,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of several research reports. Bank of America boosted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Citigroup boosted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Finally, Truist Financial raised their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Packaging Corporation of America currently has an average rating of “Moderate Buy” and an average target price of $261.57.

Packaging Corporation of America Stock Down 0.0%

Shares of NYSE:PKG opened at $255.98 on Monday. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $258.81. The firm has a fifty day moving average of $234.93 and a 200 day moving average of $225.23. The firm has a market capitalization of $22.81 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $2.48 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,531 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company’s stock, valued at $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on 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 in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 30,594 shares of company stock worth $7,405,042. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Company 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.