The Manufacturers Life Insurance Company Has $11.68 Million Position in Packaging Corporation of America $PKG

The Manufacturers Life Insurance Company lessened its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,053 shares of the industrial products company’s stock after selling 3,011 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Packaging Corporation of America worth $11,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PKG. Vanguard Group Inc. boosted its holdings in shares of Packaging Corporation of America by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,279,442 shares of the industrial products company’s stock valued at $2,326,159,000 after buying an additional 51,790 shares during the period. State Street Corp raised its holdings in shares of Packaging Corporation of America by 1.3% during 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Packaging Corporation of America by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company’s stock worth $717,372,000 after acquiring an additional 83,978 shares during the period. JPMorgan Chase & Co. lifted its position in Packaging Corporation of America by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company’s stock valued at $683,997,000 after acquiring an additional 231,474 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in 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 acquiring an additional 73,047 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, CEO Mark W. Kowlzan sold 9,266 shares of the stock in a transaction on 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 $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Packaging Corporation of America Stock Performance

PKG opened at $246.48 on Monday. The business’s 50-day simple moving average is $231.30 and its 200 day simple moving average is $224.06. Packaging Corporation of America has a 52-week low of $189.03 and a 52-week high of $258.81. 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 firm has a market capitalization of $21.96 billion, a PE ratio of 32.01, a PEG ratio of 2.32 and a beta of 0.80.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.96% and a net margin of 7.25%.The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.4%. This is an increase from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s payout ratio is currently 77.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating and boosted their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. UBS Group decreased their price objective on Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Truist Financial raised their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.57.

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.