Deutsche Bank AG Makes New $133.17 Million Investment in Packaging Corporation of America $PKG

Key Points

• Deutsche Bank acquired 558,898 shares of Packaging Corporation of America worth approximately $133.2 million, giving it a 0.63% stake. Institutional investors and hedge funds collectively own 89.78% of PKG.
• Analysts remain broadly positive, with PKG carrying a “Moderate Buy” consensus rating and an average price target of $264.57; UBS recently raised its target to $292.
• Packaging Corporation of America beat quarterly earnings expectations with EPS of $2.35 versus $2.31 expected, while revenue rose 14.7% year over year to $2.49 billion. Company insiders, however, sold $9.2 million of stock during the last quarter.

Deutsche Bank AG acquired a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 558,898 shares of the industrial products company's stock, valued at approximately $133,174,000. Deutsche Bank AG owned 0.63% of Packaging Corporation of America at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PKG. DV Equities LLC acquired a new position in Packaging Corporation of America during the 4th quarter worth $26,000. Covestor Ltd increased its holdings in 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 period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Packaging Corporation of America by 94.1% in the 4th 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 in the last quarter. Navalign LLC acquired a new stake in Packaging Corporation of America in the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. raised its position in Packaging Corporation of America by 40.4% in the 1st 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 in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PKG shares. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $225.00 to $256.00 in a research report on Monday, May 4th. Citigroup raised 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. 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. Wells Fargo & Company reiterated an "equal weight" rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, UBS Group boosted their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $264.57.

Insider Transactions at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 7,063 shares of the company's stock in a transaction dated Friday, August 7th. The stock was 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 of the company's stock, valued at $51,534,314. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark W. Kowlzan sold 9,266 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares of the company's stock, valued at approximately $102,811,258.80. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,657 shares of company stock worth $9,199,044 in the last quarter. Insiders own 1.60% of the company's stock.

Packaging Corporation of America Trading Up 1.1%

NYSE PKG opened at $253.10 on Thursday. The firm's fifty day moving average price is $240.05 and its 200 day moving average price is $227.17. Packaging Corporation of America has a 12 month low of $191.50 and a 12 month high of $259.98. 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 $22.55 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.80.

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, 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 firm had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the previous year, the company earned $2.48 earnings per share. Packaging Corporation of America's quarterly 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. On average, sell-side analysts expect that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

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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