OMERS ADMINISTRATION Corp Increases Stock Position in Packaging Corporation of America $PKG

OMERS ADMINISTRATION Corp increased its holdings in Packaging Corporation of America (NYSE:PKG) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,937 shares of the industrial products company’s stock after acquiring an additional 2,191 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Packaging Corporation of America were worth $3,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKG. Norges Bank acquired a new stake in Packaging Corporation of America during the 4th quarter worth $237,649,000. Diamant Asset Management Inc. increased its stake in 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 valued at $189,607,000 after purchasing an additional 888,936 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Packaging Corporation of America by 29.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after buying an additional 521,352 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Packaging Corporation of America by 100.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 983,216 shares of the industrial products company’s stock valued at $202,769,000 after buying an additional 492,410 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Packaging Corporation of America by 19.4% during the fourth quarter. FIL Ltd now owns 2,792,936 shares of the industrial products company’s stock worth $575,987,000 after buying an additional 453,319 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.6%

Shares of NYSE:PKG opened at $252.76 on Tuesday. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.36 and a beta of 0.80. The firm’s 50-day simple moving average is $228.28 and its 200-day simple moving average is $223.07. 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 has a fifty-two week low of $189.03 and a fifty-two week high of $256.44.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates 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 was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities research analysts predict that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s payout ratio is presently 77.92%.

Insider Transactions at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PKG. Truist Financial raised their price target on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Bank of America upped their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Citigroup increased their price objective on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company reiterated an “equal weight” rating and issued 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, UBS Group dropped their target price on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a report on Friday. One research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.71.

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.