Packaging Corporation of America (NYSE:PKG) CEO Sells $2,011,463.28 in Stock

Packaging Corporation of America (NYSE:PKG) CEO Mark Kowlzan sold 9,266 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Packaging Corporation of America Price Performance

NYSE:PKG traded down $0.00 during trading hours on Thursday, reaching $217.99. The company had a trading volume of 952,117 shares, compared to its average volume of 980,442. The stock has a 50-day moving average of $212.79 and a two-hundred day moving average of $214.50. Packaging Corporation of America has a one year low of $184.76 and a one year high of $249.51. The firm has a market capitalization of $19.42 billion, a PE ratio of 26.52, a PEG ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business posted $2.31 earnings per share. The business’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. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is presently 60.83%.

Hedge Funds Weigh In On Packaging Corporation of America

Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its position in Packaging Corporation of America by 50.7% in the first quarter. Glenmede Trust Co. NA now owns 2,306 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 776 shares during the period. SHUTTLEWORTH & Co lifted its position in Packaging Corporation of America by 1.4% during the 1st quarter. SHUTTLEWORTH & Co now owns 10,287 shares of the industrial products company’s stock valued at $2,183,000 after purchasing an additional 147 shares during the period. SOA Wealth Advisors LLC. acquired a new position in Packaging Corporation of America during the 1st quarter valued at about $82,000. Dayah Capital LLC bought a new position in shares of Packaging Corporation of America in the 1st quarter valued at about $3,183,000. Finally, Bank of America Corp DE grew its position in shares of Packaging Corporation of America by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,518,100 shares of the industrial products company’s stock worth $322,171,000 after buying an additional 39,118 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Ratings Changes

PKG has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Truist Financial reissued a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.57.

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.