California State Teachers Retirement System Cuts Position in Packaging Corporation of America $PKG

California State Teachers Retirement System cut its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,608 shares of the industrial products company's stock after selling 353 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Packaging Corporation of America worth $24,687,714 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKG. Fiduciary Financial Advisors bought a new stake in Packaging Corporation of America during the 2nd quarter worth about $36,000. Covestor Ltd increased its stake in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in Packaging Corporation of America in the 2nd quarter worth about $41,000. Navalign LLC purchased a new stake in Packaging Corporation of America during the 4th quarter valued at $36,000. Finally, Oslo Pensjonsforsikring AS purchased a new stake in Packaging Corporation of America in the first quarter worth about $41,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Down 1.3%

Shares of NYSE PKG traded down $2.98 during mid-day trading on Tuesday, reaching $230.28. 151,773 shares of the company traded hands, compared to its average volume of 830,908. The stock has a market cap of $20.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.38 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. The company's fifty day moving average is $241.69 and its two-hundred day moving average is $227.53.

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 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 analyst estimates of $2.49 billion. During the same quarter in the prior year, the business earned $2.48 EPS. Packaging Corporation of America's quarterly 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 10.49 earnings per share for the current year.

Packaging Corporation of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Packaging Corporation of America's payout ratio is presently 77.92%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America decreased their target price on Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating for the company in a research report on Friday. UBS Group increased 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 report on Thursday, August 13th. Weiss Ratings raised shares of Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. lifted 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. Finally, Truist Financial raised their price target on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and an average target price of $264.14.

Insider Buying and Selling

In related news, President Thomas Hassfurther sold 12,531 shares of the company'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 directly owned 218,751 shares of the company's stock, valued at $54,687,750. This represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Donald Shirley sold 12,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 40,391 shares of company stock valued at $10,196,101. Company insiders own 1.60% of the company's stock.

Packaging Corporation of America 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.

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