UBS Group Cuts Packaging Corporation of America (NYSE:PKG) Price Target to $289.00

Packaging Corporation of America (NYSE:PKG) had its target price decreased by UBS Group from $292.00 to $289.00 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the industrial products company’s stock.

A number of other brokerages also recently commented on PKG. Truist Financial lifted their price objective on shares of 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. Wells Fargo & Company restated an “equal weight” rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Bank of America dropped their target price on shares of Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, September 11th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, Citigroup reduced their price target on Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.43.

Packaging Corporation of America Stock Down 1.0%

NYSE:PKG opened at $227.42 on Monday. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.97 and a beta of 0.75. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $241.36 and its two-hundred day moving average price is $228.84.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data 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 the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm posted $2.48 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America’s payout ratio is currently 77.92%.

Insider Activity

In related news, VP Donald R. Shirley sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the completion of the transaction, the president directly owned 218,751 shares in the company, valued at approximately $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,391 shares of company stock worth $10,196,101 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Packaging Corporation of America

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Packaging Corporation of America in the 2nd quarter valued at $1,837,506,000. Bank of New York Mellon Corp acquired a new stake in shares of Packaging Corporation of America during the second quarter worth $748,095,000. Bank of America Corp DE acquired a new stake in shares of Packaging Corporation of America during the second quarter worth $379,568,000. Atlas FRM LLC bought a new stake in shares of Packaging Corporation of America in the second quarter valued at about $365,164,100. Finally, Diamant Asset Management Inc. grew its stake in shares of Packaging Corporation of America by 19,710.3% in the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock valued at $189,607,000 after acquiring an additional 888,936 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.