Key Points
- President Thomas Hassfurther sold 12,129 shares of Packaging Corporation of America on Feb. 5 at an average price of $230.50 for about $2.80M, trimming his stake by 5.8% to 197,062 shares valued near $45.4M (SEC filing).
- PKG reported EPS $2.32 vs. $2.41 expected and revenue $2.36B vs. $2.43B expected (revenue +10.1% YoY); the company set Q1 2026 guidance at $2.20 EPS and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $236.00.
Packaging Corporation of America (NYSE:PKG - Get Free Report) President Thomas Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction that occurred 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 owned 197,062 shares in the company, valued at $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Packaging Corporation of America Price Performance
PKG opened at $239.16 on Tuesday. 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 company has a market cap of $21.52 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. The stock has a fifty day simple moving average of $212.90 and a two-hundred day simple moving average of $208.23. Packaging Corporation of America has a 12-month low of $172.71 and a 12-month high of $240.79.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its 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). The business 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 business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Research analysts predict that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.
Packaging Corporation of America Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, December 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 15th. Packaging Corporation of America's dividend payout ratio is 58.34%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on PKG shares. Zacks Research raised Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 6th. Truist Financial dropped 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 raised Packaging Corporation of America from a "sell" rating to a "hold" rating in a research note on Saturday, January 3rd. Wells Fargo & Company lifted their price target on Packaging Corporation of America from $233.00 to $234.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average price target of $236.00.
View Our Latest Analysis on Packaging Corporation of America
Hedge Funds Weigh In On Packaging Corporation of America
A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in Packaging Corporation of America during the second quarter valued at $225,478,000. Millennium Management LLC grew its stake in shares of Packaging Corporation of America by 223.6% during the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company's stock valued at $330,504,000 after purchasing an additional 1,047,902 shares during the period. Bank of New York Mellon Corp increased its position in shares of Packaging Corporation of America by 119.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company's stock valued at $406,082,000 after purchasing an additional 1,015,894 shares during the last quarter. American Century Companies Inc. increased its holdings in Packaging Corporation of America by 70.6% during the second quarter. American Century Companies Inc. now owns 1,860,113 shares of the industrial products company's stock valued at $350,539,000 after buying an additional 769,806 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 worth $672,357,000 after purchasing an additional 370,573 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
Packaging Corporation of America Company Profile
(
Get Free Report)
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.
Further Reading
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