Packaging Corporation of America (NYSE:PKG - Get Free Report) VP Donald Shirley sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Packaging Corporation of America Trading Down 1.6%
Shares of PKG stock opened at $248.79 on Tuesday. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. The stock's fifty day moving average is $241.42 and its two-hundred day moving average is $227.73. The firm has a market capitalization of $22.17 billion, a P/E ratio of 32.31, a PEG ratio of 2.39 and a beta of 0.80.
Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
PKG has been the subject of a number of analyst reports. Truist Financial increased their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Wells Fargo & Company restated an "equal weight" rating and issued a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Citigroup raised their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $264.57.
Get Our Latest Stock Analysis on Packaging Corporation of America
Institutional Investors Weigh In On Packaging Corporation of America
A number of institutional investors have recently made changes to their positions in PKG. Integrated Wealth Concepts LLC raised its stake in shares of Packaging Corporation of America by 73.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company's stock valued at $585,000 after acquiring an additional 1,252 shares during the period. Empowered Funds LLC boosted its position in shares of Packaging Corporation of America by 538.6% during the 1st quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company's stock worth $1,248,000 after purchasing an additional 5,316 shares during the period. Geneos Wealth Management Inc. increased its holdings in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Packaging Corporation of America by 43.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company's stock valued at $334,000 after purchasing an additional 537 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Packaging Corporation of America by 17.0% in the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company's stock valued at $336,000 after purchasing an additional 258 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.
About Packaging Corporation of America
(
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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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