Waverly Advisors LLC Boosts Stake in Packaging Corporation of America $PKG

Waverly Advisors LLC boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 28.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,658 shares of the industrial products company’s stock after acquiring an additional 4,110 shares during the quarter. Waverly Advisors LLC’s holdings in Packaging Corporation of America were worth $4,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC grew its holdings in shares of Packaging Corporation of America by 3.3% during the second quarter. Empirical Finance LLC now owns 3,212 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 102 shares in the last quarter. Nykredit A S bought a new position in shares of Packaging Corporation of America in the second quarter worth approximately $5,118,000. Amundi raised its stake in Packaging Corporation of America by 13.6% in the second quarter. Amundi now owns 279,069 shares of the industrial products company’s stock valued at $66,497,000 after purchasing an additional 33,370 shares in the last quarter. HighTower Advisors LLC lifted its position in Packaging Corporation of America by 0.8% during the second quarter. HighTower Advisors LLC now owns 241,237 shares of the industrial products company’s stock valued at $57,482,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Groupe la Francaise bought a new stake in Packaging Corporation of America during the second quarter valued at approximately $4,807,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Up 2.5%

Shares of NYSE PKG opened at $232.92 on Friday. The stock has a market capitalization of $20.75 billion, a P/E ratio of 30.25, a PEG ratio of 2.31 and a beta of 0.78. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The firm’s 50 day simple moving average is $241.82 and its two-hundred day simple moving average is $227.43. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping 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 firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $2.48 EPS. The business’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. As a group, analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.6%. Packaging Corporation of America’s payout ratio is currently 77.92%.

Insider Activity

In other Packaging Corporation of America news, President Thomas Hassfurther sold 7,063 shares of the company’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 in the company, valued at $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Donald Shirley sold 12,000 shares of the firm’s 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 transaction, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 40,391 shares of company stock valued at $10,196,101. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PKG. Bank of America increased their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. UBS Group increased their target price on 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. Truist Financial raised their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.