First Trust Advisors LP Cuts Holdings in Packaging Corporation of America $PKG

First Trust Advisors LP decreased its holdings in Packaging Corporation of America (NYSE:PKG) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,822 shares of the industrial products company’s stock after selling 52,327 shares during the quarter. First Trust Advisors LP owned 0.56% of Packaging Corporation of America worth $109,798,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. World Investment Advisors raised its position in shares of Packaging Corporation of America by 4.1% during the 3rd 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 holdings 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 purchasing an additional 52 shares during the last quarter. Argent Advisors Inc. increased its stake in shares of Packaging Corporation of America by 1.9% in the 3rd quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock worth $622,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank raised its stake in Packaging Corporation of America by 11.0% during the third quarter. Eastern Bank now owns 555 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 55 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Packaging Corporation of America by 40.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after buying an additional 57 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction 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 directly owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PKG shares. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup boosted their price target on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Argus raised Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Trading Down 1.7%

PKG opened at $222.45 on Monday. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $249.51. The business’s 50 day moving average is $225.46 and its two-hundred day moving average is $213.35. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.71 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data 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 firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. Packaging Corporation of America’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous 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. On average, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Dividend Announcement

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

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.