Louisiana State Employees Retirement System Purchases Shares of 4,600 Packaging Corporation of America $PKG

Louisiana State Employees Retirement System acquired a new stake in shares of Packaging Corporation of America (NYSE:PKG) during the first quarter, Holdings Channel reports. The fund acquired 4,600 shares of the industrial products company’s stock, valued at approximately $976,000.

Other large investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC increased its stake in Packaging Corporation of America by 264.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,819 shares of the industrial products company’s stock worth $1,872,000 after purchasing an additional 6,399 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Packaging Corporation of America by 51.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,620 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 551 shares during the period. OP Asset Management Ltd bought a new position in shares of Packaging Corporation of America in the first quarter worth approximately $2,001,000. Leeward Investments LLC MA grew its holdings in shares of Packaging Corporation of America by 8.7% in the first quarter. Leeward Investments LLC MA now owns 51,684 shares of the industrial products company’s stock worth $10,968,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in shares of Packaging Corporation of America by 23.8% in the first quarter. Signal Advisors Wealth LLC now owns 1,415 shares of the industrial products company’s stock worth $300,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Stock Down 0.1%

Shares of Packaging Corporation of America stock opened at $237.99 on Monday. The company’s fifty day simple moving average is $223.82 and its two-hundred day simple moving average is $220.23. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $249.51. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. The company has a market cap of $21.21 billion, a P/E ratio of 28.95, a PEG ratio of 2.23 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results 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. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. Packaging Corporation of America’s quarterly 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. Research analysts anticipate that Packaging Corporation of America will post 10.45 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.5%. 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. Packaging Corporation of America’s payout ratio is presently 72.99%.

Wall Street Analysts Forecast Growth

PKG has been the subject of several analyst reports. Citigroup dropped their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company lowered their price objective on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Truist Financial reissued a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price target for the company from $225.00 to $256.00 in a 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.