Handelsbanken Fonder AB Reduces Stock Holdings in Packaging Corporation of America $PKG

Handelsbanken Fonder AB reduced its holdings in Packaging Corporation of America (NYSE:PKG) by 31.2% during the 4th quarter, Holdings Channel reports. The fund owned 53,738 shares of the industrial products company’s stock after selling 24,380 shares during the period. Handelsbanken Fonder AB’s holdings in Packaging Corporation of America were worth $11,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PKG. Ashton Thomas Private Wealth LLC purchased a new stake in Packaging Corporation of America during the third quarter worth $485,000. Envestnet Asset Management Inc. boosted its holdings in Packaging Corporation of America by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after buying an additional 20,016 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Packaging Corporation of America by 119.9% during the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after buying an additional 1,015,894 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Packaging Corporation of America during the fourth quarter worth $4,664,000. Finally, National Pension Service boosted its holdings in Packaging Corporation of America by 25.1% during the third quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after buying an additional 9,444 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price target for the stock from $232.00 to $248.00 in a report on Wednesday. Citigroup lowered their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company lowered their price target on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and increased their price objective for the company from $225.00 to $256.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.57.

Packaging Corporation of America Stock Performance

PKG opened at $213.96 on Friday. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.93 and a beta of 0.81. Packaging Corporation of America has a 52-week low of $184.76 and a 52-week high of $249.51. The firm’s fifty day simple moving average is $212.78 and its two-hundred day simple moving average is $213.94.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share 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 issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.8%. Packaging Corporation of America’s payout ratio is 60.83%.

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.