Corient Private Wealth LP Purchases New Holdings in Packaging Corporation of America $PKG

Corient Private Wealth LP acquired a new position in Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 79,041 shares of the industrial products company's stock, valued at approximately $18,834,000. Corient Private Wealth LP owned 0.09% of Packaging Corporation of America as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Packaging Corporation of America during the 2nd quarter valued at $379,568,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Packaging Corporation of America in the second quarter valued at $1,102,000. Man Group plc purchased a new stake in shares of Packaging Corporation of America in the second quarter valued at $14,759,000. Jupiter Topco LLC acquired a new stake in shares of Packaging Corporation of America in the second quarter worth $2,650,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Packaging Corporation of America in the second quarter worth $7,606,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Down 1.2%

Packaging Corporation of America stock opened at $240.87 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. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.30 and a beta of 0.80. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The company's fifty day moving average price is $242.62 and its two-hundred day moving average price is $228.06.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, analysts forecast that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PKG has been the topic of several recent analyst reports. Truist Financial upped their price target on 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. Citigroup raised their price objective on Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. 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 note on Thursday, July 9th. UBS Group upped their target price 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. Finally, Bank of America increased 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 report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $264.57.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. 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 value of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares in the company, valued at approximately $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donald R. Shirley sold 12,000 shares of the company's 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 sale, the vice president directly owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 40,391 shares of company stock valued at $10,196,101. Corporate insiders own 1.60% of the company's stock.

About Packaging Corporation of America

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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