Heartland Advisors Inc. Purchases 5,660 Shares of Packaging Corporation of America $PKG

Heartland Advisors Inc. boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,805 shares of the industrial products company’s stock after purchasing an additional 5,660 shares during the quarter. Heartland Advisors Inc.’s holdings in Packaging Corporation of America were worth $9,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PKG. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Packaging Corporation of America during the fourth quarter valued at about $4,664,000. PNC Financial Services Group Inc. increased its position in shares of Packaging Corporation of America by 10.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after acquiring an additional 6,257 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock worth $476,270,000 after acquiring an additional 521,352 shares during the last quarter. Adams Natural Resources Fund Inc. raised its holdings in shares of Packaging Corporation of America by 71.6% in the 1st quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock worth $2,695,000 after acquiring an additional 5,300 shares during the last quarter. Finally, G&S Capital LLC lifted its position in Packaging Corporation of America by 110.1% in the 4th quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company’s stock valued at $2,657,000 after acquiring an additional 6,753 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.4%

PKG opened at $233.11 on Friday. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $249.51. The firm has a market capitalization of $20.77 billion, a P/E ratio of 28.36, a PEG ratio of 2.17 and a beta of 0.80. The company’s 50-day moving average is $225.84 and its 200 day moving average is $221.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts expect that Packaging Corporation of America will post 10.46 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, June 15th. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 72.99%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price target for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Bank of America raised their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their target price for the company from $232.00 to $248.00 in a research report on Wednesday, May 20th. Citigroup upped their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.14.

About Packaging Corporation of America

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.