6,900 Shares in Packaging Corporation of America $PKG Bought by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Packaging Corporation of America (NYSE:PKG) in the 1st quarter, Holdings Channel reports. The institutional investor bought 6,900 shares of the industrial products company’s stock, valued at approximately $1,464,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PKG. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Packaging Corporation of America in the 4th quarter worth approximately $4,664,000. PNC Financial Services Group Inc. boosted its position in shares of Packaging Corporation of America by 10.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 68,314 shares of the industrial products company’s stock valued at $14,088,000 after acquiring an additional 6,257 shares during the last quarter. Heartland Advisors Inc. boosted its position in shares of Packaging Corporation of America by 47.6% during the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company’s stock valued at $8,073,000 after acquiring an additional 12,621 shares during the last quarter. Adams Natural Resources Fund Inc. grew its holdings in shares of Packaging Corporation of America by 71.6% in the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company’s stock valued at $2,695,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Victory Capital Management Inc. grew 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 purchasing an additional 521,352 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $252.76 on Tuesday. The company has a market cap of $22.52 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.36 and a beta of 0.80. 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 business’s 50 day moving average price is $228.28 and its 200-day moving average price is $223.07. Packaging Corporation of America has a fifty-two week low of $189.03 and a fifty-two week high of $256.44.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.Packaging Corporation of America’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts predict that Packaging Corporation of America will post 10.5 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $1.50 dividend. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 77.92%.

Insider Buying and Selling at Packaging Corporation of America

In other news, CEO Mark W. Kowlzan sold 9,266 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer owned 473,610 shares in the company, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PKG. Citigroup upped their price target on shares of Packaging Corporation of America from $229.00 to $241.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group dropped their price objective on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a research note on Friday. Truist Financial boosted their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Bank of America upped their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.71.

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.