Benjamin Edwards Inc. Increases Stock Position in Packaging Corporation of America $PKG

Benjamin Edwards Inc. raised its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 29.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,737 shares of the industrial products company’s stock after purchasing an additional 11,540 shares during the period. Benjamin Edwards Inc. owned approximately 0.06% of Packaging Corporation of America worth $12,092,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PKG. BlackRock Inc. purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter valued at about $1,837,506,000. Bank of New York Mellon Corp bought a new stake in Packaging Corporation of America in the 2nd quarter worth approximately $748,095,000. Bank of America Corp DE purchased a new stake in Packaging Corporation of America during the 2nd quarter valued at $379,568,000. Atlas FRM LLC bought a new position in shares of Packaging Corporation of America during the 2nd quarter valued at $365,164,100. Finally, Norges Bank purchased a new position in shares of Packaging Corporation of America in the 4th quarter worth $237,649,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Up 0.2%

Shares of NYSE:PKG opened at $240.87 on Monday. The stock has a 50 day moving average of $242.62 and a 200 day moving average of $227.98. The company has a market cap of $21.46 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $259.98. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter 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. As a group, equities research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PKG shares. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. Bank of America increased their price objective 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. Truist Financial boosted their target price 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 reaffirmed an “equal weight” rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, Citigroup lifted their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Buying and Selling at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of the stock in a transaction on 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 completion of the sale, 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 SEC, which is accessible through the SEC website. Also, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the sale, 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 a total of 40,391 shares of company stock valued at $10,196,101 in the last ninety days. 1.60% of the stock is currently owned by insiders.

About Packaging Corporation of America

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.