Weiss Asset Management LP Has $4.81 Million Stock Position in Packaging Corporation of America $PKG

Weiss Asset Management LP boosted its holdings in Packaging Corporation of America (NYSE:PKG) by 407.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,654 shares of the industrial products company’s stock after buying an additional 18,191 shares during the period. Weiss Asset Management LP’s holdings in Packaging Corporation of America were worth $4,808,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. DV Equities LLC bought a new stake in shares of Packaging Corporation of America in the fourth quarter valued at approximately $26,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in 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 worth $34,000 after acquiring an additional 80 shares during the period. Navalign LLC bought a new position in Packaging Corporation of America during the fourth quarter worth $36,000. Finally, Oslo Pensjonsforsikring AS acquired a new position in Packaging Corporation of America during the 1st quarter valued at $41,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Corporation of America Stock Down 0.4%

PKG opened at $253.48 on Monday. The company has a market capitalization of $22.59 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The firm’s fifty day moving average price is $227.44 and its two-hundred day moving average price is $222.78. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $254.49.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the company posted $2.48 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts anticipate that Packaging Corporation of America will post 10.5 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 77.92%.

Analyst Upgrades and Downgrades

PKG has been the topic of several research analyst reports. UBS Group upgraded shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and raised their price target for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Bank of America increased their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Truist Financial lifted their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citigroup boosted their price target on Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday. One 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.43.

Insiders Place Their Bets

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 sale, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $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 accessible through this link. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America 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.