Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 2,877 Packaging Corporation of America $PKG

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,877 shares of the industrial products company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in shares of Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America during the 3rd quarter worth approximately $31,000. Covestor Ltd raised its position in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Navalign LLC acquired a new stake in shares of Packaging Corporation of America during the 4th quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 1.0%

PKG opened at $215.84 on Friday. Packaging Corporation of America has a 12 month low of $184.76 and a 12 month high of $249.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The stock has a market cap of $19.23 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.95 and a beta of 0.81. The stock’s 50 day moving average price is $212.64 and its 200 day moving average price is $213.96.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm earned $2.31 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts predict that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a yield of 2.8%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is 60.83%.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Truist Financial reiterated a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Wells Fargo & Company dropped their price target on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.57.

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.