Fifth Third Bancorp Sells 2,381 Shares of Packaging Corporation of America $PKG

Fifth Third Bancorp cut its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,833 shares of the industrial products company’s stock after selling 2,381 shares during the quarter. Fifth Third Bancorp owned approximately 0.08% of Packaging Corporation of America worth $16,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its position in 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 purchasing an additional 59 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares in the last quarter. NBT Bank N A NY acquired a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at approximately $41,000. Global Wealth Strategies & Associates bought a new position in shares of Packaging Corporation of America in the third quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Packaging Corporation of America during the second quarter worth $44,000. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

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 in the company, valued at $45,422,791. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $246.00 on Tuesday. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.89 and a beta of 0.88. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51. The stock’s 50 day moving average is $217.71 and its 200-day moving average is $209.76.

Packaging Corporation of America (NYSE:PKG) last released its quarterly 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). Packaging Corporation of America had a return on equity of 19.18% and a net margin of 8.61%.The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the business posted $2.47 earnings per share. The business’s revenue for the quarter 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. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors 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 2.0%. The ex-dividend date of this dividend was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 58.34%.

Analyst Ratings Changes

A number of analysts have commented on PKG shares. Zacks Research upgraded shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Truist Financial reduced their price target on 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. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. UBS Group raised their price objective on Packaging Corporation of America from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company boosted their target price on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

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.