Sanctuary Advisors LLC Invests $4.26 Million in Packaging Corporation of America $PKG

Sanctuary Advisors LLC bought a new stake in Packaging Corporation of America (NYSE:PKG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,879 shares of the industrial products company’s stock, valued at approximately $4,260,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DV Equities LLC acquired a new stake in Packaging Corporation of America in the 4th quarter valued at $26,000. Covestor Ltd raised its position in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter worth about $36,000. Finally, Geneos Wealth Management Inc. boosted its position 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 buying an additional 57 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PKG shares. Truist Financial increased their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Wells Fargo & Company reissued 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. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their target price for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Finally, Bank of America lifted their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the transaction, the president directly owned 202,891 shares of the company’s stock, valued at $51,534,314. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,657 shares of company stock valued at $12,207,564 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

PKG stock opened at $248.79 on Tuesday. The stock’s 50 day moving average is $241.42 and its two-hundred day moving average is $227.73. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The company has a market capitalization of $22.17 billion, a PE ratio of 32.31, a P/E/G ratio of 2.39 and a beta of 0.80. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the business posted $2.48 EPS. The business’s revenue 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. Analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

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.