Andra AP fonden Sells 31,900 Shares of Packaging Corporation of America $PKG

Andra AP fonden reduced its stake in Packaging Corporation of America (NYSE:PKG) by 34.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,900 shares of the industrial products company’s stock after selling 31,900 shares during the quarter. Andra AP fonden owned approximately 0.07% of Packaging Corporation of America worth $13,490,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth $225,478,000. Bank of New York Mellon Corp grew its position in Packaging Corporation of America by 119.9% in the 3rd 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 purchasing an additional 1,015,894 shares in the last quarter. American Century Companies Inc. grew its position in Packaging Corporation of America by 70.6% in the 2nd quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company’s stock worth $350,539,000 after purchasing an additional 769,806 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Packaging Corporation of America by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Packaging Corporation of America by 56.4% during the 2nd quarter. AQR Capital Management LLC now owns 888,362 shares of the industrial products company’s stock worth $167,412,000 after buying an additional 320,418 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup increased their price target on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Wells Fargo & Company upped their price objective 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. Truist Financial decreased their target price on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Packaging Corporation of America in a report on Monday, December 29th. One 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 stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $231.75 on Friday. The company has a 50 day moving average of $223.31 and a 200 day moving average of $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 P/E ratio of 27.04, a P/E/G 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 results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). The firm had revenue of $2.36 billion during 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 firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. As a group, sell-side analysts forecast that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a 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 other news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently 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.