Key Points
- CEO Mark Kowlzan sold 9,266 shares of Packaging Corporation of America at an average price of $217.08, totaling about $2.01 million. After the sale, he still held 473,610 shares, and the trade reduced his ownership by 1.92%.
- Packaging Corporation of America recently beat earnings expectations, reporting $2.40 EPS versus the $2.17 consensus estimate, while revenue rose 10.6% year over year. The company also guided Q2 2026 EPS at 2.330.
- The company increased its quarterly dividend to $1.50 per share from $1.25, implying a $6.00 annualized dividend and a 2.8% yield. The dividend is payable July 15 to shareholders of record on June 15.
Packaging Corporation of America (NYSE:PKG - Get Free Report) CEO Mark Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares of the company's stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Packaging Corporation of America Price Performance
Shares of NYSE PKG opened at $217.99 on Friday. The stock has a fifty day moving average of $212.83 and a 200-day moving average of $214.62. The stock has a market cap of $19.42 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. Packaging Corporation of America has a fifty-two week low of $184.76 and a fifty-two week high of $249.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. Packaging Corporation of America's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share for the current year.
Packaging Corporation of America Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a dividend of $1.50 per share. This is an increase from Packaging Corporation of America's previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America's dividend payout ratio is presently 60.83%.
Analyst Upgrades and Downgrades
PKG has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Packaging Corporation of America from $234.00 to $226.00 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. UBS Group raised shares of Packaging Corporation of America from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their price objective for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Truist Financial reissued a "buy" rating and issued a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Finally, Citigroup cut their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $236.57.
Check Out Our Latest Research Report on Packaging Corporation of America
Hedge Funds Weigh In On Packaging Corporation of America
A number of hedge funds and other institutional investors have recently bought and sold shares of PKG. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at $485,000. Envestnet Asset Management Inc. raised its holdings in Packaging Corporation of America by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company's stock valued at $48,053,000 after buying an additional 20,016 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Packaging Corporation of America during the 4th quarter valued at $4,664,000. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 1,015,894 shares during the last quarter. Finally, National Pension Service raised its holdings in Packaging Corporation of America by 25.1% during the 3rd quarter. National Pension Service now owns 46,998 shares of the industrial products company's stock valued at $10,242,000 after buying an additional 9,444 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.
Packaging Corporation of America Company Profile
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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.
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