PNC Financial Services Group Inc. Has $14.09 Million Stake in Packaging Corporation of America $PKG

PNC Financial Services Group Inc. grew its holdings in Packaging Corporation of America (NYSE:PKG) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,314 shares of the industrial products company’s stock after buying an additional 6,257 shares during the period. PNC Financial Services Group Inc.’s holdings in Packaging Corporation of America were worth $14,088,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Packaging Corporation of America in the third quarter valued at approximately $31,000. Navalign LLC acquired a new stake in shares of Packaging Corporation of America in the fourth quarter valued at approximately $36,000. Geneos Wealth Management Inc. lifted its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Packaging Corporation of America by 40.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock valued at $43,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $215.84 on Friday. The stock’s fifty day moving average price is $212.64 and its two-hundred day moving average price is $213.96. Packaging Corporation of America has a one year low of $184.76 and a one year high of $249.51. 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 has a market cap of $19.23 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the company earned $2.31 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, research analysts expect that Packaging Corporation of America will post 10.81 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. Packaging Corporation of America’s dividend payout ratio is 60.83%.

Analyst Ratings Changes

PKG has been the topic of a number of recent research reports. Truist Financial reiterated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Wells Fargo & Company lowered their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Argus upgraded Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $236.57.

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.