Packaging Corporation of America (NYSE:PKG) Stock Gets Price Target Reduction from Wells Fargo & Company

Packaging Corporation of America (NYSE:PKG) had its price target lowered by Wells Fargo & Company from $246.00 to $245.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other brokerages also recently weighed in on PKG. Citigroup dropped their target price on shares of Packaging Corporation of America from $254.00 to $253.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. JPMorgan Chase & Co. boosted their price objective on Packaging Corporation of America from $312.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Weiss Ratings upgraded Packaging Corporation of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. UBS Group dropped their price objective on Packaging Corporation of America from $292.00 to $289.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Truist Financial increased their target price on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $270.43.

Packaging Corporation of America Price Performance

Shares of NYSE:PKG opened at $230.74 on Wednesday. The company has a market capitalization of $20.56 billion, a P/E ratio of 29.97, a P/E/G ratio of 1.97 and a beta of 0.75. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The firm’s 50 day simple moving average is $240.67 and its two-hundred day simple moving average is $229.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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 10.45 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America’s dividend payout ratio is currently 77.92%.

Insiders Place Their Bets

In related news, President Thomas Hassfurther sold 12,531 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total value of $3,132,750.00. Following the sale, the president owned 218,751 shares in the company, valued at approximately $54,687,750. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Donald Shirley sold 12,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Packaging Corporation of America

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in shares of Packaging Corporation of America in the 2nd quarter worth about $1,001,000. PNC Financial Services Group Inc. grew its holdings in Packaging Corporation of America by 7.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company’s stock valued at $15,634,000 after purchasing an additional 5,355 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Packaging Corporation of America by 29.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 50,737 shares of the industrial products company’s stock valued at $12,092,000 after purchasing an additional 11,540 shares during the last quarter. Heartland Advisors Inc. grew its holdings in 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 purchasing an additional 12,621 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in Packaging Corporation of America in the 2nd quarter worth about $3,449,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.