Key Points
- President Thomas Hassfurther sold 12,531 shares of Packaging Corporation of America at an average price of $250, generating $3.13 million. His remaining direct stake is 218,751 shares, a 5.42% reduction.
- PKG recently reported quarterly EPS of $2.35, exceeding analyst estimates of $2.31, while revenue rose 14.7% year over year to $2.49 billion. The company also increased its quarterly dividend to $1.50, or $6.00 annually, for a 2.3% yield.
- Wall Street maintains a “Moderate Buy” consensus, with a $261.57 average price target; PKG opened at $256.12 and has 89.78% institutional ownership.
Packaging Corporation of America (NYSE:PKG - Get Free Report) President Thomas Hassfurther sold 8,797 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $257.00, for a total value of $2,260,829.00. Following the sale, the president directly owned 209,954 shares of the company's stock, valued at approximately $53,958,178. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Packaging Corporation of America Trading Up 0.3%
NYSE:PKG opened at $256.12 on Thursday. The stock has a fifty day simple moving average of $233.49 and a 200 day simple moving average of $224.78. The firm has a market capitalization of $22.82 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.41 and a beta of 0.80. Packaging Corporation of America has a 1-year low of $191.13 and a 1-year high of $258.81. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current year.
Packaging Corporation of America Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. This is an increase from Packaging Corporation of America's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America's payout ratio is 77.92%.
Wall Street Analyst Weigh In
Several brokerages recently commented on PKG. Truist Financial upped their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of Packaging Corporation of America from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, May 26th. Wells Fargo & Company reissued an "equal weight" rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a "hold" rating to a "buy" rating and increased their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, UBS Group lowered their price target on Packaging Corporation of America from $272.00 to $271.00 and set a "buy" rating on the stock in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $261.57.
Check Out Our Latest Analysis on PKG
Hedge Funds Weigh In On Packaging Corporation of America
A number of large investors have recently made changes to their positions in the business. DV Equities LLC purchased a new position in Packaging Corporation of America during the fourth quarter valued at approximately $26,000. Covestor Ltd increased its stake in Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock worth $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC purchased a new stake in Packaging Corporation of America in the 4th quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Packaging Corporation of America by 40.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.
About Packaging Corporation of America
(
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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