Teamwork Financial Advisors LLC Grows Stake in Packaging Corporation of America $PKG

Teamwork Financial Advisors LLC increased its position in Packaging Corporation of America (NYSE:PKG) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,926 shares of the industrial products company’s stock after acquiring an additional 6,170 shares during the period. Teamwork Financial Advisors LLC owned about 0.06% of Packaging Corporation of America worth $12,373,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. DV Equities LLC purchased a new stake in shares of Packaging Corporation of America during the 4th quarter valued at about $26,000. Covestor Ltd boosted its holdings in shares of Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Navalign LLC bought a new stake in Packaging Corporation of America during the fourth quarter valued at approximately $36,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in Packaging Corporation of America during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PKG shares. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. Weiss Ratings cut shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Truist Financial boosted their price objective on shares of 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. UBS Group reduced their price objective on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Citigroup raised their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of “Moderate Buy” and a consensus target price of $261.57.

Packaging Corporation of America Trading Up 1.3%

Shares of NYSE:PKG opened at $255.98 on Friday. The stock has a 50 day moving average of $234.93 and a 200 day moving average of $225.21. The company has a market cap of $22.81 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.80. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $258.81.

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 (EPS) for the quarter, topping 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 18.96%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm posted $2.48 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts expect that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 8,797 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $257.00, for a total transaction of $2,260,829.00. Following the sale, the president directly owned 209,954 shares in the company, valued at $53,958,178. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,594 shares of company stock worth $7,405,042 over the last 90 days. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Company 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.