BI Asset Management Fondsmaeglerselskab A S Sells 3,139 Shares of Packaging Corporation of America $PKG

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Packaging Corporation of America (NYSE:PKG) by 59.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,109 shares of the industrial products company’s stock after selling 3,139 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Packaging Corporation of America were worth $448,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PKG. DV Equities LLC purchased a new position in Packaging Corporation of America during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Packaging Corporation of America in the 3rd quarter valued at about $31,000. Covestor Ltd raised its holdings in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Navalign LLC bought a new stake in shares of Packaging Corporation of America during the 4th quarter valued at about $36,000. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred 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 directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PKG shares. JPMorgan Chase & Co. boosted their price objective 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. Citigroup lowered their target price on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company dropped their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research 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 price target for the stock from $232.00 to $248.00 in a research note on Wednesday, May 20th. Finally, Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Packaging Corporation of America Trading Up 1.3%

Shares of PKG stock opened at $240.96 on Friday. The business has a 50-day moving average price of $220.33 and a two-hundred day moving average price of $218.65. Packaging Corporation of America has a 12-month low of $186.28 and a 12-month high of $249.51. 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 $21.47 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion for 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%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 EPS. 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 10.46 EPS 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. Shareholders of record on Monday, June 15th will be paid a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 72.99%.

Packaging Corporation of America 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.