Bank of New York Mellon Corp Grows Position in Packaging Corporation of America $PKG

Bank of New York Mellon Corp raised its position in Packaging Corporation of America (NYSE:PKG) by 119.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,863,359 shares of the industrial products company’s stock after purchasing an additional 1,015,894 shares during the quarter. Bank of New York Mellon Corp owned 2.07% of Packaging Corporation of America worth $406,082,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Packaging Corporation of America during the 2nd quarter worth approximately $225,478,000. American Century Companies Inc. boosted its stake in shares of Packaging Corporation of America by 70.6% during the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock valued at $350,539,000 after purchasing an additional 769,806 shares during the period. AQR Capital Management LLC boosted its stake in shares of Packaging Corporation of America by 56.4% during the second quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock valued at $167,412,000 after purchasing an additional 320,418 shares during the period. Atlas FRM LLC grew its holdings in shares of Packaging Corporation of America by 59.7% in the second quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Packaging Corporation of America by 75.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 457,522 shares of the industrial products company’s stock worth $86,220,000 after buying an additional 196,279 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG opened at $220.45 on Friday. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $231.12. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $208.84 and a 200 day moving average of $206.83.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, sell-side analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a $1.25 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Packaging Corporation of America’s payout ratio is currently 50.56%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Citigroup increased their price objective on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. Finally, Truist Financial decreased their target price on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.00.

More Packaging Corporation of America News

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Wells Fargo raised its price target from $233 to $234 and kept an “overweight” rating, signaling continued confidence in PKG’s outlook and providing upside support for the stock. Wells Fargo PT raise
• Positive Sentiment: Truist trimmed its target slightly (from $273 to $270) but maintained a “buy” rating — the high target and buy stance reinforce bullish analyst sentiment despite the small cut. Truist PT update
• Neutral Sentiment: Citigroup nudged its target from $226 to $227 and kept a “neutral” rating, a modest change that is unlikely to materially move the stock by itself but adds to the chorus of analyst attention. Citigroup PT update
• Neutral Sentiment: Investors can review the company’s Q4 2025 earnings call transcript for management commentary on volumes, margins, M&A impacts and guidance — useful for parsing near-term risks and catalysts. Earnings call transcript
• Negative Sentiment: Zacks reports PKG missed Q4 EPS estimates and logged revenue slightly below consensus; higher year-over-year sales were offset by lower volumes, margin pressure and acquisition-related headwinds — these operational issues explain downward pressure on near-term profitability. Earnings miss article

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.