Resources Management Corp CT ADV Acquires 13,361 Shares of Packaging Corporation of America $PKG

Resources Management Corp CT ADV lifted its holdings in Packaging Corporation of America (NYSE:PKG) by 1,271.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,412 shares of the industrial products company’s stock after buying an additional 13,361 shares during the quarter. Resources Management Corp CT ADV’s holdings in Packaging Corporation of America were worth $2,972,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PKG. Norges Bank bought a new position in shares of Packaging Corporation of America in the fourth quarter valued at about $237,649,000. Millennium Management LLC raised its holdings in shares of Packaging Corporation of America by 223.6% in the third quarter. Millennium Management LLC now owns 1,516,562 shares of the industrial products company’s stock valued at $330,504,000 after buying an additional 1,047,902 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Packaging Corporation of America by 29.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,309,412 shares of the industrial products company’s stock valued at $476,270,000 after buying an additional 521,352 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Packaging Corporation of America by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Packaging Corporation of America in the fourth quarter worth about $75,279,000. 89.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on PKG shares. Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $232.00 to $248.00 in a research report on Wednesday, May 20th. Wells Fargo & Company lowered their price objective on Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Citigroup lowered their price objective on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of “Moderate Buy” and an average price target of $236.57.

Insider Activity

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer directly owned 473,610 shares in the company, valued at approximately $102,811,258.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $228.43 on Monday. The firm has a market capitalization of $20.35 billion, a P/E ratio of 27.79, a PEG ratio of 2.06 and a beta of 0.81. Packaging Corporation of America has a 1 year low of $184.76 and a 1 year high of $249.51. The business has a 50-day moving average of $215.72 and a 200-day moving average of $216.59. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. On average, equities analysts anticipate that Packaging Corporation of America will post 10.8 EPS for the current year.

Packaging Corporation of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio is presently 60.83%.

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.