BNP Paribas Financial Markets Reduces Stock Holdings in Packaging Corporation of America $PKG

BNP Paribas Financial Markets decreased its position in Packaging Corporation of America (NYSE:PKG) by 17.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 164,719 shares of the industrial products company’s stock after selling 33,959 shares during the period. BNP Paribas Financial Markets’ holdings in Packaging Corporation of America were worth $33,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of PKG. Vanguard Group Inc. raised its holdings in Packaging Corporation of America by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after acquiring an additional 51,790 shares during the period. State Street Corp raised its holdings in Packaging Corporation of America by 0.8% during the 3rd quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after acquiring an additional 33,624 shares during the period. JPMorgan Chase & Co. raised its holdings in Packaging Corporation of America by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after acquiring an additional 370,573 shares during the period. Geode Capital Management LLC raised its holdings in Packaging Corporation of America by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,420,383 shares of the industrial products company’s stock valued at $497,283,000 after acquiring an additional 16,902 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Packaging Corporation of America by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock valued at $426,016,000 after acquiring an additional 55,784 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PKG. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Wells Fargo & Company lowered their target price 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. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their target price for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. Finally, Truist Financial reissued a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Packaging Corporation of America has an average rating of “Moderate Buy” and a consensus price target of $236.57.

Packaging Corporation of America Trading Down 0.1%

Packaging Corporation of America stock opened at $224.70 on Thursday. The stock has a market cap of $20.02 billion, a P/E ratio of 27.34, a PEG ratio of 2.03 and a beta of 0.81. Packaging Corporation of America has a fifty-two week low of $184.76 and a fifty-two week high of $249.51. The firm’s fifty day moving average price is $214.11 and its 200-day moving average price is $215.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Equities research analysts forecast that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid a $1.50 dividend. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 60.83%.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total value of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares of the company’s stock, valued at $102,811,258.80. This represents a 1.92% decrease in their ownership of the stock. The transaction 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 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.