Packaging Corporation of America (NYSE:PKG) President Sells 7,063 Shares of Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 7,063 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at $51,534,314. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock traded up $1.42 on Tuesday, hitting $256.17. The company had a trading volume of 55,504 shares, compared to its average volume of 875,510. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $258.81. The business has a 50-day simple moving average of $235.59 and a 200-day simple moving average of $225.50. The company has a market cap of $22.82 billion, a PE ratio of 33.27, a PEG ratio of 2.42 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.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.Packaging Corporation of America’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous 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. Research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently made changes to their positions in PKG. Vanguard Group Inc. boosted its stake in Packaging Corporation of America by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after purchasing an additional 51,790 shares during the last quarter. BlackRock Inc. bought a new position in shares of Packaging Corporation of America during the 2nd quarter worth $1,837,506,000. State Street Corp increased its position in shares of Packaging Corporation of America by 1.3% during the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after buying an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Packaging Corporation of America by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after buying an additional 83,978 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Packaging Corporation of America by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after acquiring an additional 231,474 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group cut their price objective on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Citigroup boosted their price target on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. 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. Finally, Bank of America upped their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.57.

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.