Packaging Corporation of America $PKG Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Packaging Corporation of America (NYSE:PKG) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,392 shares of the industrial products company’s stock after acquiring an additional 13,500 shares during the period. Hsbc Holdings PLC’s holdings in Packaging Corporation of America were worth $33,761,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Packaging Corporation of America by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock worth $2,326,159,000 after purchasing an additional 51,790 shares in the last quarter. State Street Corp increased its position in shares of Packaging Corporation of America by 1.3% in the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company’s stock worth $868,349,000 after acquiring an additional 54,884 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Packaging Corporation of America by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after purchasing an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. raised its position in Packaging Corporation of America by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after buying an additional 231,474 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Packaging Corporation of America by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,816,736 shares of the industrial products company’s stock valued at $580,897,000 after purchasing an additional 73,047 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $228.46 on Tuesday. Packaging Corporation of America has a 52 week low of $189.03 and a 52 week high of $249.51. The stock’s fifty day moving average is $225.98 and its 200-day moving average is $222.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. The stock has a market capitalization of $20.36 billion, a PE ratio of 27.79, a PEG ratio of 2.17 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous 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. Equities research analysts expect that Packaging Corporation of America will post 10.46 EPS for the current fiscal year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were given a $1.50 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. Packaging Corporation of America’s dividend payout ratio is 72.99%.

Analyst Upgrades and Downgrades

PKG has been the subject of several recent research reports. UBS Group upgraded Packaging Corporation of America from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $246.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citigroup boosted their price objective on Packaging Corporation of America from $229.00 to $241.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Truist Financial increased their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Finally, Bank of America raised their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.14.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company’s stock, valued at $102,811,258.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate 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.