22,615 Shares in Packaging Corporation of America $PKG Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in shares of Packaging Corporation of America (NYSE:PKG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 22,615 shares of the industrial products company’s stock, valued at approximately $4,664,000.

Several other institutional investors and hedge funds have also modified their holdings of PKG. Ashton Thomas Private Wealth LLC acquired a new position in Packaging Corporation of America in the 3rd quarter worth about $485,000. Envestnet Asset Management Inc. increased its holdings in Packaging Corporation of America by 10.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company’s stock worth $48,053,000 after purchasing an additional 20,016 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Packaging Corporation of America by 119.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company’s stock worth $406,082,000 after purchasing an additional 1,015,894 shares in the last quarter. National Pension Service increased its holdings in Packaging Corporation of America by 25.1% in the 3rd quarter. National Pension Service now owns 46,998 shares of the industrial products company’s stock worth $10,242,000 after purchasing an additional 9,444 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its holdings in Packaging Corporation of America by 13.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 51,570 shares of the industrial products company’s stock worth $11,239,000 after purchasing an additional 6,092 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Packaging Corporation of America from $225.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Truist Financial reaffirmed a “buy” rating and issued a $258.00 target price (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their target price for the stock from $225.00 to $256.00 in a report on Monday. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Citigroup lowered their target price on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.29.

Packaging Corporation of America Trading Down 1.5%

Shares of PKG stock opened at $223.43 on Friday. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.04 and a beta of 0.81. The stock has a 50-day moving average of $215.30 and a 200-day moving average of $213.13. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 1-year low of $178.32 and a 1-year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities research analysts forecast that Packaging Corporation of America will post 10.84 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were paid a $1.25 dividend. The ex-dividend date of this dividend was 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 presently 60.83%.

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.