Thomas Hassfurther Sells 8,797 Shares of Packaging Corporation of America (NYSE:PKG) Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 8,797 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $257.00, for a total value of $2,260,829.00. Following the sale, the president owned 209,954 shares of the company’s stock, valued at $53,958,178. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Packaging Corporation of America Price Performance

PKG opened at $252.47 on Friday. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $258.81. The company has a 50 day moving average of $234.18 and a two-hundred day moving average of $224.99. The company has a market cap of $22.49 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.42 and a beta of 0.80. 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) 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 for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts expect that Packaging Corporation of America will post 10.48 earnings per share 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 given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.4%. This is a boost 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 dividend payout ratio is 77.92%.

Institutional Trading of Packaging Corporation of America

Hedge funds and other institutional investors have recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter worth $4,664,000. PNC Financial Services Group Inc. boosted its stake in Packaging Corporation of America by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after purchasing an additional 6,257 shares during the period. Heartland Advisors Inc. boosted its stake in Packaging Corporation of America by 47.6% in the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock worth $8,073,000 after purchasing an additional 12,621 shares during the period. Adams Natural Resources Fund Inc. increased its holdings in Packaging Corporation of America by 71.6% during 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 purchasing an additional 5,300 shares in the last quarter. Finally, G&S Capital LLC increased its holdings in Packaging Corporation of America by 110.1% during the 4th quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company’s stock worth $2,657,000 after purchasing an additional 6,753 shares in the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PKG. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Truist Financial upped their price objective 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. Wells Fargo & Company restated 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. Finally, Bank of America lifted their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.57.

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.