Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther Sells 12,129 Shares of Stock

Packaging Corporation of America (NYSE:PKG) President Thomas 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Packaging Corporation of America Stock Up 0.1%

PKG opened at $239.16 on Tuesday. The business’s fifty day simple moving average is $212.90 and its 200 day simple moving average is $208.23. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $240.79. 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 stock has a market cap of $21.52 billion, a PE ratio of 27.91, a P/E/G ratio of 1.83 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 58.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PKG. JPMorgan Chase & Co. upped their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Monday, December 29th. UBS Group lifted their price objective on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wells Fargo & Company boosted their target price on Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Institutional Trading of Packaging Corporation of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKG. Norges Bank bought a new position in Packaging Corporation of America in the 2nd quarter worth $225,478,000. Millennium Management LLC increased its position in shares of Packaging Corporation of America by 223.6% during the third quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock valued at $330,504,000 after buying an additional 1,047,902 shares during the period. Bank of New York Mellon Corp raised its stake in Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after buying an additional 1,015,894 shares in the last quarter. American Century Companies Inc. lifted its holdings in Packaging Corporation of America by 70.6% in the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after buying an additional 769,806 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock worth $672,357,000 after buying an additional 370,573 shares during the period. Hedge funds and other institutional investors own 89.78% 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.