TKG Advisors LLC Sells 7,052 Shares of Packaging Corporation of America $PKG

TKG Advisors LLC lessened its stake in Packaging Corporation of America (NYSE:PKG) by 55.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,564 shares of the industrial products company’s stock after selling 7,052 shares during the quarter. TKG Advisors LLC’s holdings in Packaging Corporation of America were worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKG. USS Investment Management Ltd increased its position in shares of Packaging Corporation of America by 14.4% during the first quarter. USS Investment Management Ltd now owns 20,667 shares of the industrial products company’s stock worth $4,386,000 after acquiring an additional 2,603 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Packaging Corporation of America by 23.4% in the first quarter. IFM Investors Pty Ltd now owns 21,778 shares of the industrial products company’s stock valued at $4,622,000 after purchasing an additional 4,135 shares during the period. Premier Path Wealth Partners LLC bought a new position in Packaging Corporation of America in the first quarter worth approximately $266,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Packaging Corporation of America in the first quarter worth approximately $728,000. Finally, Apollon Wealth Management LLC increased its holdings in Packaging Corporation of America by 3.8% during the 1st quarter. Apollon Wealth Management LLC now owns 3,329 shares of the industrial products company’s stock worth $707,000 after purchasing an additional 122 shares during the period. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PKG. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their target price for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Truist Financial reiterated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Citigroup cut their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company lowered their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Packaging Corporation of America Price Performance

PKG opened at $238.05 on Thursday. The business’s 50-day moving average is $222.61 and its two-hundred day moving average is $219.76. Packaging Corporation of America has a 1 year low of $189.03 and a 1 year 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 firm has a market capitalization of $21.21 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

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 the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. Packaging Corporation of America’s payout ratio is currently 72.99%.

Packaging Corporation of America 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.