Verition Fund Management LLC Increases Holdings in Packaging Corporation of America $PKG

Verition Fund Management LLC lifted its position in Packaging Corporation of America (NYSE:PKG) by 44.9% in the fourth quarter, Holdings Channel reports. The firm owned 82,080 shares of the industrial products company’s stock after buying an additional 25,421 shares during the period. Verition Fund Management LLC’s holdings in Packaging Corporation of America were worth $16,927,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PKG. Integrated Wealth Concepts LLC boosted its holdings in shares of Packaging Corporation of America by 73.5% in the first quarter. Integrated Wealth Concepts LLC now owns 2,956 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,252 shares during the period. Empowered Funds LLC boosted its holdings in shares of Packaging Corporation of America by 538.6% in the first quarter. Empowered Funds LLC now owns 6,303 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 5,316 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Packaging Corporation of America by 43.6% in the second quarter. Sivia Capital Partners LLC now owns 1,770 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 537 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of Packaging Corporation of America by 17.0% in the second quarter. Cresset Asset Management LLC now owns 1,772 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Activity at Packaging Corporation of America

In other 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 transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Up 0.7%

Packaging Corporation of America stock opened at $229.92 on Tuesday. The business has a fifty day moving average of $216.22 and a two-hundred day moving average of $216.79. 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 firm has a market cap of $20.49 billion, a P/E ratio of 27.97, a P/E/G ratio of 2.06 and a beta of 0.81. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.Packaging Corporation of America’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.8 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 60.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PKG shares. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $232.00 to $248.00 in a report on Wednesday, May 20th. Wells Fargo & Company lowered their target price on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Citigroup lowered their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.