Donald Shirley Sells 12,000 Shares of Packaging Corporation of America (NYSE:PKG) Stock

Packaging Corporation of America (NYSE:PKG) VP Donald Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the transaction, the vice president owned 19,110 shares in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Packaging Corporation of America Trading Down 0.9%

NYSE PKG opened at $246.60 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $21.97 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.35 and a beta of 0.80. Packaging Corporation of America has a 52-week low of $191.50 and a 52-week high of $259.98. The firm has a 50-day moving average price of $241.76 and a 200 day moving average price of $227.83.

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 for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.

Hedge Funds Weigh In On Packaging Corporation of America

Several hedge funds and other institutional investors have recently bought and sold shares of PKG. California State Teachers Retirement System grew its holdings in Packaging Corporation of America by 23,647.1% in the second quarter. California State Teachers Retirement System now owns 24,687,714 shares of the industrial products company’s stock valued at $5,882,588,000 after purchasing an additional 24,583,753 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Packaging Corporation of America by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after buying an additional 51,790 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Packaging Corporation of America in the 2nd quarter worth about $1,837,506,000. State Street Corp grew its stake in Packaging Corporation of America by 1.3% in the 4th quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock valued at $868,349,000 after acquiring an additional 54,884 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Packaging Corporation of America by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock valued at $717,372,000 after acquiring an additional 83,978 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PKG shares. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. 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 report on Thursday, July 9th. UBS Group upped their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.57.

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.