CIBC Bancorp USA Inc. Buys Shares of 55,431 Packaging Corporation of America $PKG

CIBC Bancorp USA Inc. purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,431 shares of the industrial products company’s stock, valued at approximately $12,080,000. CIBC Bancorp USA Inc. owned approximately 0.06% of Packaging Corporation of America as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of Packaging Corporation of America by 105.4% during the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. NBT Bank N A NY acquired a new position in Packaging Corporation of America in the 3rd quarter valued at about $41,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Packaging Corporation of America by 40.7% in 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 purchasing an additional 57 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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 valued at $39,000 after purchasing an additional 57 shares in the last quarter. Finally, Global Wealth Strategies & Associates acquired a new stake in shares of Packaging Corporation of America during the 3rd quarter worth about $44,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

PKG opened at $204.25 on Friday. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $249.51. The company has a 50 day moving average of $226.61 and a two-hundred day moving average of $213.51. The company has a market cap of $18.22 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.62 and a beta of 0.88. 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 (NYSE:PKG) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business posted $2.47 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. Packaging Corporation of America’s payout ratio is currently 58.34%.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PKG shares. Truist Financial lowered their price target 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. Citigroup raised their target price on shares of Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wall Street Zen raised shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Wells Fargo & Company boosted their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Weiss Ratings lowered Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

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.