California State Teachers Retirement System Sells 2,860 Shares of Packaging Corporation of America $PKG

California State Teachers Retirement System lowered its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,961 shares of the industrial products company’s stock after selling 2,860 shares during the period. California State Teachers Retirement System’s holdings in Packaging Corporation of America were worth $22,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKG. DV Equities LLC acquired a new position in shares of Packaging Corporation of America in the 4th quarter valued at $26,000. Covestor Ltd boosted its position in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Packaging Corporation of America by 94.1% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 80 shares during the period. Navalign LLC bought a new stake in Packaging Corporation of America in the fourth quarter valued at about $36,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in Packaging Corporation of America in the first quarter valued at about $41,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Trading Down 0.9%

Shares of Packaging Corporation of America stock opened at $246.48 on Friday. Packaging Corporation of America has a 12-month low of $189.03 and a 12-month high of $258.81. The stock has a market capitalization of $21.96 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.32 and a beta of 0.80. The company has a 50-day simple moving average of $231.30 and a 200 day simple moving average of $224.01. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.96%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Research analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a $1.50 dividend. 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. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 77.92%.

Analysts Set New Price Targets

PKG has been the subject of a number of analyst reports. Citigroup raised their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and raised their target price for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.57.

Insider Activity at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

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.