Diamant Asset Management Inc. Has $189.61 Million Stock Holdings in Packaging Corporation of America $PKG

Diamant Asset Management Inc. lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 19,710.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 893,446 shares of the industrial products company’s stock after buying an additional 888,936 shares during the quarter. Packaging Corporation of America comprises 0.6% of Diamant Asset Management Inc.’s portfolio, making the stock its 28th biggest holding. Diamant Asset Management Inc.’s holdings in Packaging Corporation of America were worth $189,607,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Packaging Corporation of America during the fourth quarter valued at approximately $4,664,000. PNC Financial Services Group Inc. raised its position in Packaging Corporation of America by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock worth $14,088,000 after purchasing an additional 6,257 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Packaging Corporation of America by 21.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,788,060 shares of the industrial products company’s stock worth $389,672,000 after buying an additional 312,226 shares in the last quarter. First Horizon Corp lifted its holdings in Packaging Corporation of America by 74,572.9% during the 4th quarter. First Horizon Corp now owns 35,843 shares of the industrial products company’s stock worth $7,392,000 after buying an additional 35,795 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Packaging Corporation of America by 7.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 185,879 shares of the industrial products company’s stock valued at $40,509,000 after buying an additional 12,505 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial restated a “buy” rating and set a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their target price for the company from $225.00 to $256.00 in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Packaging Corporation of America Stock Performance

PKG stock opened at $241.63 on Friday. The business’s fifty day moving average is $221.02 and its 200-day moving average is $218.81. 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 $21.53 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.81. Packaging Corporation of America has a twelve month low of $187.41 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company earned $2.31 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. 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 10.45 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently announced 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. This represents a $6.00 dividend on an annualized basis and a yield of 2.5%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is 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.