12,438 Shares in Packaging Corporation of America $PKG Bought by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers LLC acquired 12,438 shares of Packaging Corporation of America, valued at approximately $2.96 million. Institutional investors and hedge funds collectively own 89.78% of PKG.
• PKG reported quarterly EPS of $2.35, exceeding estimates of $2.31, while revenue rose 14.7% year over year to $2.49 billion. The company issued third-quarter 2026 EPS guidance of $2.91.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $264.57 versus the stock’s reported $249.87 price. However, insiders sold 37,657 shares worth about $9.2 million over the past 90 days.

Wealthfront Advisers LLC bought a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,438 shares of the industrial products company's stock, valued at approximately $2,964,000.

Other large investors have also added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in shares of Packaging Corporation of America during the fourth quarter valued at about $26,000. Covestor Ltd grew its position in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock worth $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% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 80 shares during the last quarter. Navalign LLC bought a new stake in shares of Packaging Corporation of America during the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Thomas A. Hassfurther sold 12,531 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the transaction, the president owned 218,751 shares of the company's stock, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,657 shares of company stock worth $9,199,044 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Trading Down 1.2%

NYSE:PKG opened at $249.87 on Friday. The stock has a market cap of $22.26 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The stock's 50-day moving average is $240.55 and its two-hundred day moving average is $227.36. Packaging Corporation of America has a fifty-two week low of $191.50 and a fifty-two week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results 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. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The company'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. As a group, equities research analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a research 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 company from $225.00 to $256.00 in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Truist Financial upped 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. Finally, Citigroup raised their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $264.57.

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.

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