Wellington Management Group LLP Has $100.70 Million Holdings in Packaging Corporation of America $PKG

Wellington Management Group LLP trimmed its position in shares of Packaging Corporation of America (NYSE:PKG) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,628 shares of the industrial products company’s stock after selling 15,418 shares during the quarter. Wellington Management Group LLP’s holdings in Packaging Corporation of America were worth $100,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC acquired a new position in shares of Packaging Corporation of America in the 2nd quarter worth approximately $443,000. Beacon Pointe Advisors LLC acquired a new stake in Packaging Corporation of America during the 2nd quarter valued at $492,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Packaging Corporation of America during the 2nd quarter valued at $218,000. Rakuten Investment Management Inc. bought a new position in Packaging Corporation of America in the 2nd quarter valued at $3,449,000. Finally, Orion Capital Management LLC bought a new position in Packaging Corporation of America in the 2nd quarter valued at $82,000. Institutional investors own 89.78% of the company’s stock.

Insider Activity

In related news, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America stock in a transaction dated 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 directly owned 218,751 shares in the company, valued at $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president directly owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,391 shares of company stock worth $10,196,101. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings raised Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Bank of America lifted their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Truist Financial upped their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Wells Fargo & Company reissued an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised 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 report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Packaging Corporation of America Stock Down 2.3%

NYSE:PKG opened at $228.62 on Wednesday. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 2.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The stock’s fifty day moving average price is $242.55 and its two-hundred day moving average price is $227.82. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98.

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. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America 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.