Rep. April McClain Delaney Sells Off Shares of Packaging Corporation of America (NYSE:PKG)

Key Points

• Rep. April McClain Delaney sold $50,001–$100,000 of Packaging Corporation of America shares on August 25, according to a disclosure filed September 9. She also sold positions in several other companies, including Wabtec, Viking, Trimble and TransDigm.
• Packaging Corporation of America reported quarterly EPS of $2.35, beating estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion. The company declared a $1.50 quarterly dividend, equivalent to a 2.6% annual yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $264.57. Company insiders sold about $10.2 million of stock in the last quarter.

Representative April McClain Delaney (Democratic-Maryland) recently sold shares of Packaging Corporation of America NYSE: PKG. In a filing disclosed on September 09th, the Representative disclosed that they had sold between $50,001 and $100,000 in Packaging Corporation of America stock on August 25th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of Wabtec NYSE: WAB on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Viking NYSE: VIK on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Trimble NASDAQ: TRMB on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Transdigm Group NYSE: TDG on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Tractor Supply NASDAQ: TSCO on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Middleby NASDAQ: MIDD on 8/25/2026.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 8/25/2026.
• Sold $100,001 - $250,000 in shares of STERIS NYSE: STE on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Somnigroup International NYSE: SGI on 8/25/2026.
• Sold $100,001 - $250,000 in shares of Signet Jewelers NYSE: SIG on 8/25/2026.

Packaging Corporation of America Stock Performance

NYSE PKG opened at $232.92 on Friday. The firm's fifty day moving average price is $241.82 and its two-hundred day moving average price is $227.43. The stock has a market cap of $20.75 billion, a PE ratio of 30.25, a PEG ratio of 2.31 and a beta of 0.78. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced 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. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the prior year, the company earned $2.48 EPS. Packaging Corporation of America's revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts expect that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

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

Insider Buying and Selling at Packaging Corporation of America

In related news, President Thomas Hassfurther sold 7,063 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares in the company, valued at $51,534,314. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donald Shirley sold 12,000 shares of the 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 transaction, the vice president directly owned 19,110 shares in the company, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,391 shares of company stock valued at $10,196,101 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on PKG shares. JPMorgan Chase & Co. boosted their price target 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. Truist Financial raised their price objective 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. Citigroup boosted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. UBS Group upped their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. One investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $264.57.

Institutional Trading of Packaging Corporation of America

A number of large investors have recently bought and sold shares of the business. DV Equities LLC acquired a new stake in Packaging Corporation of America during the fourth quarter worth approximately $26,000. Covestor Ltd lifted its stake in Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock worth $34,000 after buying an additional 80 shares in the last quarter. Navalign LLC acquired a new stake in shares of Packaging Corporation of America during the 4th quarter worth approximately $36,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Packaging Corporation of America during the 2nd quarter worth approximately $36,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

Packaging Corporation of America Company Profile

Packaging Corporation of America NYSE: PKG manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.