Royal London Asset Management Ltd. Has $5.19 Million Stock Holdings in Packaging Corporation of America $PKG

Royal London Asset Management Ltd. lowered its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 13.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,770 shares of the industrial products company’s stock after selling 3,372 shares during the period. Royal London Asset Management Ltd.’s holdings in Packaging Corporation of America were worth $5,187,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PKG. Integrated Wealth Concepts LLC raised its stake in 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 valued at $585,000 after acquiring an additional 1,252 shares during the period. Empowered Funds LLC boosted its position in Packaging Corporation of America by 538.6% during 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 holdings in shares of Packaging Corporation of America by 40.4% in 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 increased its holdings in shares of Packaging Corporation of America by 43.6% in the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Packaging Corporation of America by 17.0% in the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. UBS Group upped their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. 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 report on Thursday, July 9th. Finally, Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. One 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 stock. Based on data from MarketBeat.com, Packaging Corporation of America has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Activity

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America 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 completion of the sale, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at $51,534,314. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,391 shares of company stock valued at $10,196,101 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Down 2.3%

PKG stock opened at $234.84 on Tuesday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.27 and a beta of 0.80. The business’s fifty day moving average price is $242.63 and its two-hundred day moving average price is $227.94.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business posted $2.48 earnings per share. Packaging Corporation of America’s quarterly revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current year.

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.