Packaging Corporation of America $PKG Shares Acquired by Royal Bank of Canada

Royal Bank of Canada increased its holdings in Packaging Corporation of America (NYSE:PKG) by 25.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,323,010 shares of the industrial products company’s stock after buying an additional 467,590 shares during the period. Royal Bank of Canada’s holdings in Packaging Corporation of America were worth $492,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter valued at about $4,664,000. PNC Financial Services Group Inc. grew its stake in Packaging Corporation of America by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock valued at $14,088,000 after purchasing an additional 6,257 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock worth $8,073,000 after purchasing an additional 12,621 shares during the last quarter. Adams Natural Resources Fund Inc. raised its position in shares of Packaging Corporation of America by 71.6% in the 1st quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Packaging Corporation of America by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after purchasing an additional 521,352 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $253.17 on Wednesday. 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 has a 1 year low of $189.03 and a 1 year high of $258.81. The firm has a fifty day moving average of $229.27 and a 200-day moving average of $223.40. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is 77.92%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Truist Financial raised their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. 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 note on Monday, May 4th. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $261.57.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America 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 directly owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

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.