46,125 Shares in Packaging Corporation of America $PKG Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Packaging Corporation of America (NYSE:PKG) during the second quarter, Holdings Channel reports. The firm bought 46,125 shares of the industrial products company’s stock, valued at approximately $11,640,000.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Packaging Corporation of America during the second quarter valued at about $1,837,506,000. Bank of New York Mellon Corp acquired a new stake in shares of Packaging Corporation of America in the second quarter valued at about $748,095,000. Norges Bank bought a new position in shares of Packaging Corporation of America in the fourth quarter worth about $237,649,000. Diamant Asset Management Inc. increased its stake in shares of Packaging Corporation of America by 19,710.3% in the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company’s stock worth $189,607,000 after purchasing an additional 888,936 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Packaging Corporation of America during the 2nd quarter worth about $133,174,000. Institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

PKG has been the subject of several recent analyst reports. UBS Group increased their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Truist Financial increased their price objective on 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $264.57.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America 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 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 legal filing with the SEC, which is available at this link. Also, President Thomas A. Hassfurther sold 12,531 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $250.00, for a total value of $3,132,750.00. Following the completion of the sale, the president owned 218,751 shares of the company’s stock, valued at $54,687,750. This represents a 5.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,657 shares of company stock valued at $9,199,044. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Down 0.9%

Shares of PKG opened at $250.75 on Wednesday. The company has a 50-day simple moving average of $239.31 and a 200-day simple moving average of $226.94. The firm has a market capitalization of $22.34 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $2.48 earnings per share. The firm’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, equities research analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

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.