Packaging Corporation of America $PKG Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in shares of Packaging Corporation of America (NYSE:PKG) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,171 shares of the industrial products company’s stock after selling 9,237 shares during the quarter. Citigroup Inc. owned 0.09% of Packaging Corporation of America worth $17,690,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. World Investment Advisors raised its holdings in Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 50 shares during the last quarter. Advyzon Investment Management LLC increased its position in shares of Packaging Corporation of America by 3.3% in the second quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company’s stock valued at $303,000 after buying an additional 52 shares in the last quarter. Argent Advisors Inc. increased its position in shares of Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after buying an additional 52 shares in the last quarter. Eastern Bank raised its stake in shares of Packaging Corporation of America by 11.0% during the 3rd quarter. Eastern Bank now owns 555 shares of the industrial products company’s stock worth $121,000 after buying an additional 55 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after buying an additional 57 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

PKG stock opened at $231.75 on Friday. The stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.88. The company has a quick ratio of 2.00, a current ratio of 3.16 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $249.51. The stock’s fifty day simple moving average is $223.31 and its 200-day simple moving average is $212.03.

Packaging Corporation of America (NYSE:PKG) last released 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 business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s payout ratio is presently 58.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Wall Street Zen raised Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Truist Financial reduced their price objective on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $236.00.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president owned 197,062 shares of the company’s stock, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.