Bank of New York Mellon Corp Acquires Shares of 3,139,561 Packaging Corporation of America $PKG

Key Points

• Bank of New York Mellon acquired 3,139,561 shares of Packaging Corporation of America, worth approximately $748.1 million, giving it a 3.52% stake. Institutional investors collectively own 89.78% of PKG.
• 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 guided to third-quarter 2026 EPS of $2.91.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $264.57, although insiders sold 37,657 shares worth about $9.2 million over the past quarter.

Bank of New York Mellon Corp bought a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,139,561 shares of the industrial products company's stock, valued at approximately $748,095,000. Bank of New York Mellon Corp owned 3.52% of Packaging Corporation of America at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PKG. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Packaging Corporation of America during the 4th quarter worth approximately $4,664,000. PNC Financial Services Group Inc. increased its stake in Packaging Corporation of America by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company's stock worth $15,634,000 after purchasing an additional 5,355 shares during the period. Heartland Advisors Inc. increased its stake in Packaging Corporation of America by 47.6% in the fourth quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company's stock worth $8,073,000 after purchasing an additional 12,621 shares during the period. Adams Natural Resources Fund Inc. lifted its position in shares of Packaging Corporation of America by 71.6% during the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company's stock worth $2,695,000 after purchasing an additional 5,300 shares during the last quarter. Finally, G&S Capital LLC boosted its stake in shares of Packaging Corporation of America by 110.1% during the fourth quarter. G&S Capital LLC now owns 12,886 shares of the industrial products company's stock valued at $2,657,000 after purchasing an additional 6,753 shares during the period. Institutional investors own 89.78% of the company's stock.

Packaging Corporation of America Stock Down 1.2%

NYSE:PKG opened at $249.87 on Friday. 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 has a 1-year low of $191.50 and a 1-year high of $259.98. The company has a 50-day moving average of $240.55 and a 200 day moving average of $227.36. The firm 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.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its 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 net margin of 7.25% and a return on equity of 18.94%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $2.48 EPS. The company's revenue for the quarter 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. As a group, research analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PKG. Bank of America raised their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Truist Financial boosted 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 research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and upped their target price for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $246.00 target price (up from $245.00) on shares of Packaging Corporation of America in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $264.57.

Insider Buying and Selling

In related news, CEO Mark W. Kowlzan sold 9,266 shares of Packaging Corporation of America stock in a transaction that occurred 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 directly owned 473,610 shares of the company's stock, 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 filing with the SEC, which is available through this link. Also, President Thomas A. Hassfurther sold 12,531 shares of Packaging Corporation of America 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 directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,657 shares of company stock worth $9,199,044. Insiders own 1.60% of the company's stock.

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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