Goelzer Investment Management Inc. Buys New Stake in Packaging Corporation of America $PKG

Goelzer Investment Management Inc. bought a new position in shares of Packaging Corporation of America (NYSE:PKG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,839 shares of the industrial products company’s stock, valued at approximately $1,568,000.

A number of other institutional investors also recently modified their holdings of PKG. Greenleaf Trust increased its holdings in Packaging Corporation of America by 1.7% in the 2nd quarter. Greenleaf Trust now owns 2,705 shares of the industrial products company’s stock valued at $645,000 after buying an additional 46 shares during the period. Root Financial Partners LLC raised its position in shares of Packaging Corporation of America by 28.4% in the 1st quarter. Root Financial Partners LLC now owns 276 shares of the industrial products company’s stock valued at $59,000 after buying an additional 61 shares in the last quarter. CX Institutional raised its position in shares of Packaging Corporation of America by 8.2% in the 2nd quarter. CX Institutional now owns 816 shares of the industrial products company’s stock valued at $195,000 after buying an additional 62 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Packaging Corporation of America by 3.1% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,110 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 63 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Packaging Corporation of America by 4.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.78% of the company’s stock.

Insiders Place Their Bets

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction on 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 transaction, the vice president owned 19,110 shares of the company’s stock, valued at $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 40,391 shares of company stock worth $10,196,101. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Trading Up 1.4%

Shares of PKG stock opened at $235.92 on Friday. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.03 and a beta of 0.75. The stock has a 50-day moving average of $238.41 and a 200-day moving average of $229.72. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities research analysts forecast that Packaging Corporation of America will post 10.45 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Packaging Corporation of America from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, October 12th. UBS Group cut their target price on Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, September 23rd. 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. Finally, Bank of America decreased their price target on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.86.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.