Packaging Corporation of America $PKG Shares Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in Packaging Corporation of America (NYSE:PKG) by 78.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,126 shares of the industrial products company’s stock after buying an additional 2,249 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Packaging Corporation of America were worth $1,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKG. Norges Bank purchased a new stake in Packaging Corporation of America during the fourth quarter valued at about $237,649,000. Millennium Management LLC raised its holdings in shares of Packaging Corporation of America by 223.6% in the 3rd quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock worth $330,504,000 after purchasing an additional 1,047,902 shares during the period. Diamant Asset Management Inc. raised its holdings in shares of Packaging Corporation of America by 19,710.3% in the 1st 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. Victory Capital Management Inc. lifted its stake in shares of Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after purchasing an additional 521,352 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Packaging Corporation of America by 100.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 983,216 shares of the industrial products company’s stock valued at $202,769,000 after purchasing an additional 492,410 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

PKG has been the subject of a number of research reports. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Truist Financial reaffirmed a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. Wells Fargo & Company decreased their price objective on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Trading Down 0.1%

Shares of PKG opened at $237.99 on Friday. The stock’s 50-day moving average is $223.82 and its two-hundred day moving average is $220.12. The stock has a market cap of $21.21 billion, a PE ratio of 28.95, a P/E/G ratio of 2.23 and a beta of 0.80. Packaging Corporation of America has a 12 month low of $189.03 and a 12 month 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.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. The ex-dividend date is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 72.99%.

Insiders Place Their Bets

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.