Donald Shirley Sells 12,000 Shares of Packaging Corporation of America (NYSE:PKG) Stock

Key Points

• Insider sale: VP Donald Shirley sold 12,000 PKG shares for approximately $3.01 million, reducing his direct ownership by 38.57% to 19,110 shares.
• Financial performance: Packaging Corporation of America reported quarterly EPS of $2.35, topping estimates by $0.04, while revenue increased 14.7% year over year to $2.49 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus rating with an average price target of $264.57, above the stock’s reported trading price of $248.80.

Packaging Corporation of America (NYSE:PKG - Get Free Report) VP Donald Shirley sold 12,000 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were 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 directly owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Packaging Corporation of America Stock Performance

PKG stock traded down $3.99 during trading on Monday, hitting $248.80. The company had a trading volume of 192,132 shares, compared to its average volume of 852,443. The firm has a 50-day moving average price of $241.04 and a 200-day moving average price of $227.56. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The firm has a market cap of $22.17 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.39 and a beta of 0.80. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its 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. 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 for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the business posted $2.48 EPS. The company's revenue was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Analyst Ratings Changes

PKG has been the topic of several analyst reports. Citigroup lifted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and raised their price objective for the company from $225.00 to $256.00 in a research report on Monday, May 4th. UBS Group lifted their price objective on Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Bank of America boosted their target price on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, 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 research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned 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 $264.57.

Institutional Trading of Packaging Corporation of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKG. California State Teachers Retirement System raised its holdings in Packaging Corporation of America by 23,647.1% in the 2nd quarter. California State Teachers Retirement System now owns 24,687,714 shares of the industrial products company's stock valued at $5,882,588,000 after acquiring an additional 24,583,753 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Packaging Corporation of America in the 2nd quarter worth about $1,837,506,000. Bank of New York Mellon Corp purchased a new position in Packaging Corporation of America in the second quarter valued at approximately $748,095,000. Bank of America Corp DE purchased a new position in Packaging Corporation of America in the second quarter valued at approximately $379,568,000. Finally, Atlas FRM LLC acquired a new position in Packaging Corporation of America during the second quarter valued at approximately $365,164,100,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Company 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.

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