Swiss National Bank Sells 12,900 Shares of Packaging Corporation of America $PKG

Swiss National Bank lowered its stake in Packaging Corporation of America (NYSE:PKG) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 259,300 shares of the industrial products company’s stock after selling 12,900 shares during the quarter. Swiss National Bank’s holdings in Packaging Corporation of America were worth $56,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors grew its stake in shares of Packaging Corporation of America by 4.1% during the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 50 shares during the period. Advyzon Investment Management LLC increased its holdings in Packaging Corporation of America by 3.3% in the second quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 52 shares during the last quarter. Argent Advisors Inc. lifted its stake in Packaging Corporation of America by 1.9% in the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company’s stock valued at $622,000 after buying an additional 52 shares during the period. Eastern Bank boosted its holdings in Packaging Corporation of America by 11.0% during the third quarter. Eastern Bank now owns 555 shares of the industrial products company’s stock worth $121,000 after buying an additional 55 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PKG shares. Weiss Ratings cut Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Argus upgraded shares of Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Zacks Research raised shares of Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Truist Financial decreased their price target on shares of Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the sale, the president directly owned 197,062 shares in the company, valued at $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Packaging Corporation of America Trading Up 0.7%

NYSE:PKG opened at $222.78 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.17 and a quick ratio of 1.94. The business’s 50-day simple moving average is $226.33 and its 200-day simple moving average is $213.57. Packaging Corporation of America has a fifty-two week low of $172.71 and a fifty-two week high of $249.51. The stock has a market capitalization of $19.87 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a return on equity of 19.22% and a net margin of 8.61%.Packaging Corporation of America’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 earnings per share. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. Sell-side analysts expect that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Packaging Corporation of America’s dividend payout ratio is currently 58.34%.

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.