United Capital Financial Advisors LLC Buys Shares of 3,279 Packaging Corporation of America $PKG

United Capital Financial Advisors LLC purchased a new position in shares of Packaging Corporation of America (NYSE:PKG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,279 shares of the industrial products company’s stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PKG. BlackRock Inc. purchased a new position in shares of Packaging Corporation of America during the second quarter valued at approximately $1,837,506,000. Bank of New York Mellon Corp purchased a new stake in shares of Packaging Corporation of America in the second quarter worth about $748,095,000. Bank of America Corp DE acquired a new stake in Packaging Corporation of America in the second quarter valued at approximately $379,568,000. Atlas FRM LLC acquired a new stake in Packaging Corporation of America during the 2nd quarter valued at $365,164,100. Finally, Norges Bank purchased a new stake in shares of Packaging Corporation of America during the fourth quarter worth about $237,649,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Price Performance

Shares of PKG opened at $240.87 on Monday. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.27 and a beta of 0.80. The stock has a 50 day moving average of $242.62 and a 200-day moving average of $227.98.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $2.48 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PKG. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Wells Fargo & Company restated an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Bank of America increased their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, 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. 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Buying and Selling at Packaging Corporation of America

In related news, VP Donald R. Shirley sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the sale, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by 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.