Cresset Asset Management LLC Purchases 2,416 Shares of Packaging Corporation of America $PKG

Cresset Asset Management LLC increased its position in Packaging Corporation of America (NYSE:PKG) by 136.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,188 shares of the industrial products company’s stock after buying an additional 2,416 shares during the quarter. Cresset Asset Management LLC’s holdings in Packaging Corporation of America were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in PKG. Ashton Thomas Private Wealth LLC bought a new stake in shares of Packaging Corporation of America in the third quarter worth $485,000. Envestnet Asset Management Inc. increased its holdings in Packaging Corporation of America by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock valued at $48,053,000 after purchasing an additional 20,016 shares during the period. Vise Technologies Inc. bought a new position in Packaging Corporation of America during the 2nd quarter worth $1,306,000. Atlas FRM LLC lifted its holdings in Packaging Corporation of America by 59.7% during the 2nd quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock worth $100,821,000 after buying an additional 200,000 shares during the period. Finally, Carnegie Investment Counsel lifted its holdings in Packaging Corporation of America by 32.2% during the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock worth $2,763,000 after buying an additional 3,085 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Packaging Corporation of America

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

Packaging Corporation of America Stock Down 0.6%

Shares of NYSE:PKG opened at $221.36 on Wednesday. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.72 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94. The business’s 50-day moving average is $226.00 and its 200-day moving average is $213.50. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last released its 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 business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% 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 in the prior 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 predict that Packaging Corporation of America will post 10.44 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PKG. Weiss Ratings lowered Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Truist Financial reduced their target price on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.