American Century Companies Inc. Buys 63,937 Shares of Packaging Corporation of America $PKG

American Century Companies Inc. raised its stake in shares of Packaging Corporation of America (NYSE:PKG) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,924,050 shares of the industrial products company’s stock after buying an additional 63,937 shares during the period. American Century Companies Inc. owned about 2.14% of Packaging Corporation of America worth $419,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. NBT Bank N A NY bought a new position in Packaging Corporation of America in the third quarter worth approximately $41,000. Cary Street Partners Investment Advisory LLC boosted its stake 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 worth $43,000 after acquiring an additional 57 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Packaging Corporation of America by 40.4% in 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 in the last quarter. Finally, Global Wealth Strategies & Associates bought a new position in shares of Packaging Corporation of America during the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Packaging Corporation of America Trading Down 0.0%

NYSE PKG opened at $231.75 on Friday. The company’s 50-day moving average price is $223.31 and its 200-day moving average price is $212.03. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84. The stock has a market cap of $20.85 billion, a PE ratio of 27.04, a PEG ratio of 1.78 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.

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

Packaging Corporation of America Announces Dividend

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

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction dated 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 completion of the sale, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

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.