Korea Investment CORP Has $5.61 Million Stock Position in Packaging Corporation of America $PKG

Korea Investment CORP lowered its stake in Packaging Corporation of America (NYSE:PKG) by 50.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,739 shares of the industrial products company’s stock after selling 26,297 shares during the quarter. Korea Investment CORP’s holdings in Packaging Corporation of America were worth $5,609,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Packaging Corporation of America during the third quarter valued at about $485,000. Envestnet Asset Management Inc. boosted its position in shares of Packaging Corporation of America by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after purchasing an additional 20,016 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at about $1,306,000. Atlas FRM LLC increased its position in Packaging Corporation of America by 59.7% in the 2nd quarter. Atlas FRM LLC now owns 535,000 shares of the industrial products company’s stock valued at $100,821,000 after buying an additional 200,000 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in Packaging Corporation of America by 32.2% in the 3rd quarter. Carnegie Investment Counsel now owns 12,679 shares of the industrial products company’s stock valued at $2,763,000 after buying an additional 3,085 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the transaction, the president directly owned 197,062 shares of the company’s stock, valued at $45,422,791. The trade was a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PKG has been the topic of several recent research reports. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. UBS Group upped their target price on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Citigroup increased their target price on Packaging Corporation of America from $226.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $236.00.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $214.12 on Friday. The firm has a market capitalization of $19.10 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.71 and a beta of 0.88. Packaging Corporation of America has a 52 week low of $172.71 and a 52 week high of $249.51. The stock has a 50 day moving average price of $226.49 and a two-hundred day moving average price of $213.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.94 and a current ratio of 3.17.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, March 13th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 58.34%.

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.