EverSource Wealth Advisors LLC Purchases 2,651 Shares of Packaging Corporation of America $PKG

EverSource Wealth Advisors LLC raised its position in Packaging Corporation of America (NYSE:PKG) by 50.0% during the first quarter, HoldingsChannel.com reports. The firm owned 7,958 shares of the industrial products company’s stock after purchasing an additional 2,651 shares during the period. EverSource Wealth Advisors LLC’s holdings in Packaging Corporation of America were worth $1,689,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Talon Private Wealth LLC purchased a new position in shares of Packaging Corporation of America during the first quarter valued at approximately $1,976,000. Royal Bank of Canada raised its holdings in shares of Packaging Corporation of America by 25.2% in the first quarter. Royal Bank of Canada now owns 2,323,010 shares of the industrial products company’s stock worth $492,990,000 after buying an additional 467,590 shares during the period. Rokos Capital Management LLP purchased a new stake in shares of Packaging Corporation of America in the first quarter worth approximately $3,817,000. Empowered Funds LLC lifted its stake in shares of Packaging Corporation of America by 95.4% during the 1st quarter. Empowered Funds LLC now owns 10,280 shares of the industrial products company’s stock worth $2,182,000 after acquiring an additional 5,020 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Packaging Corporation of America by 0.7% during the 1st quarter. Quantinno Capital Management LP now owns 113,026 shares of the industrial products company’s stock worth $23,987,000 after acquiring an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.4%

NYSE:PKG opened at $248.50 on Friday. The firm has a 50-day simple moving average of $230.69 and a 200-day simple moving average of $223.85. Packaging Corporation of America has a one year low of $189.03 and a one year high of $258.81. The firm has a market cap of $22.14 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.36 and a beta of 0.80. 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 (NYSE:PKG) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were issued a dividend of $1.50 per share. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 77.92%.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of recent analyst reports. Truist Financial boosted their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Citigroup lifted their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. UBS Group reduced their price target on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.57.

Insider Transactions at Packaging Corporation of America

In other 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 approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Company 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.