Aberdeen Group plc Has $9.04 Million Position in Packaging Corporation of America $PKG

Aberdeen Group plc decreased its stake in Packaging Corporation of America (NYSE:PKG) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,778 shares of the industrial products company’s stock after selling 4,839 shares during the period. Aberdeen Group plc’s holdings in Packaging Corporation of America were worth $9,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC grew its stake in Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,252 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 5,316 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% during the first 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 during the last quarter. Sivia Capital Partners LLC raised its position in Packaging Corporation of America by 43.6% during the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 537 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in Packaging Corporation of America by 25.3% in the second quarter. Harbour Investments Inc. now owns 292 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective 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. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research upgraded Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average target price of $236.00.

Insider Activity

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

Packaging Corporation of America Stock Down 0.0%

PKG stock opened at $239.00 on Friday. The firm has a 50-day moving average price of $220.04 and a 200-day moving average price of $210.50. The stock has a market capitalization of $21.51 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. Packaging Corporation of America has a 12 month low of $172.71 and a 12 month high of $249.51. 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 (NYSE:PKG) last announced its quarterly 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 19.18%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. The firm’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. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

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.