Pictet Asset Management Holding SA Lowers Position in Packaging Corporation of America $PKG

Pictet Asset Management Holding SA decreased its stake in shares of Packaging Corporation of America (NYSE:PKG) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 328,650 shares of the industrial products company’s stock after selling 11,401 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Packaging Corporation of America were worth $69,741,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. DV Equities LLC purchased a new stake in Packaging Corporation of America in the 4th quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Packaging Corporation of America during the third quarter valued at about $31,000. Covestor Ltd grew its position in shares of Packaging Corporation of America by 140.0% during the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Packaging Corporation of America by 94.1% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 80 shares in the last quarter. Finally, Navalign LLC bought a new stake in shares of Packaging Corporation of America in the fourth quarter worth about $36,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research analyst reports. Citigroup decreased their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings cut Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Wells Fargo & Company lowered their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, Truist Financial reissued a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Down 1.8%

Shares of PKG opened at $237.18 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $221.62 and a 200 day moving average of $219.28. The company has a market cap of $21.13 billion, a PE ratio of 28.85, a P/E/G ratio of 2.26 and a beta of 0.81. Packaging Corporation of America has a 52-week low of $187.42 and a 52-week high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, sell-side analysts expect that Packaging Corporation of America will post 10.45 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is currently 72.99%.

Packaging Corporation of America Company 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.