Packaging Corporation of America $PKG Stock Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 492,721 shares of the industrial products company’s stock after purchasing an additional 29,746 shares during the period. Principal Financial Group Inc.’s holdings in Packaging Corporation of America were worth $101,619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in shares of Packaging Corporation of America by 73.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,252 shares in the last quarter. Empowered Funds LLC boosted its holdings in Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock worth $1,248,000 after purchasing an additional 5,316 shares during the period. Geneos Wealth Management Inc. increased its stake in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Packaging Corporation of America by 43.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after buying an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of Packaging Corporation of America by 17.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after buying an additional 258 shares during the period. 89.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Citigroup reduced their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. upped their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $256.00 in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned 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 price target of $234.29.

Packaging Corporation of America Stock Up 2.1%

Shares of PKG stock opened at $227.31 on Thursday. The stock’s 50 day simple moving average is $215.40 and its 200 day simple moving average is $212.99. Packaging Corporation of America has a twelve month low of $178.32 and a twelve month high of $249.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.01 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 earnings per share. 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 10.84 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were paid a $1.25 dividend. The ex-dividend date was Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Packaging Corporation of America’s dividend payout ratio is currently 60.83%.

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.