Thrivent Financial for Lutherans Decreases Stake in Packaging Corporation of America $PKG

Thrivent Financial for Lutherans cut its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,585 shares of the industrial products company’s stock after selling 3,121 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Packaging Corporation of America worth $11,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PKG. Vise Technologies Inc. bought a new stake in shares of Packaging Corporation of America in the second quarter worth $1,306,000. Atlas FRM LLC boosted its position in 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. Carnegie Investment Counsel grew its stake in shares of Packaging Corporation of America by 32.2% during the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after purchasing an additional 3,085 shares during the period. Bank of New York Mellon Corp increased its position in shares of Packaging Corporation of America by 119.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock valued at $406,082,000 after purchasing an additional 1,015,894 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Packaging Corporation of America by 25.1% in the 3rd quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after purchasing an additional 9,444 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PKG. Truist Financial reduced their target price on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. Wells Fargo & Company raised their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Packaging Corporation of America Trading Up 3.5%

Packaging Corporation of America stock opened at $232.38 on Thursday. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $234.20. The firm’s 50 day moving average price is $210.92 and its 200-day moving average price is $207.54. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.16 and a quick ratio of 2.00. The stock has a market cap of $20.91 billion, a P/E ratio of 27.12, a PEG ratio of 1.72 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.41 by ($0.09). The company had revenue of $2.36 billion for 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 business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous 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, equities analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s payout ratio is currently 58.34%.

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.