Goelzer Investment Management Inc. Buys 6,839 Shares of Packaging Corporation of America $PKG

Key Points

• Goelzer Investment Management initiated a position in Packaging Corporation of America, purchasing 6,839 shares valued at approximately $1.57 million. Institutional investors collectively own 89.78% of PKG.
• Analyst sentiment is generally positive: PKG has a “Moderate Buy” consensus rating and an average price target of $271.86, with several firms recently raising their targets.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates, while revenue rose 14.7% year over year to $2.49 billion. The company also maintains a quarterly dividend of $1.50, equivalent to a 2.5% annualized yield.

Goelzer Investment Management Inc. bought a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,839 shares of the industrial products company's stock, valued at approximately $1,568,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKG. BlackRock Inc. acquired a new position in shares of Packaging Corporation of America in the 2nd quarter valued at $1,837,506,000. Bank of New York Mellon Corp bought a new position in shares of Packaging Corporation of America in the 2nd quarter worth $748,095,000. Bank of America Corp DE acquired a new stake in shares of Packaging Corporation of America during the second quarter worth $379,568,000. Atlas FRM LLC acquired a new stake in shares of Packaging Corporation of America during the second quarter worth $365,164,100. Finally, Diamant Asset Management Inc. grew its stake in shares of Packaging Corporation of America by 19,710.3% during the first quarter. Diamant Asset Management Inc. now owns 893,446 shares of the industrial products company's stock worth $189,607,000 after purchasing an additional 888,936 shares during the period. Institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PKG. Weiss Ratings upgraded Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $312.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, September 23rd. Truist Financial boosted their target price on Packaging Corporation of America from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Wells Fargo & Company decreased their target price on Packaging Corporation of America from $246.00 to $245.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 7th. Finally, Citigroup lowered their price target on Packaging Corporation of America from $254.00 to $253.00 and set a "neutral" rating for the company in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Packaging Corporation of America presently has an average rating of "Moderate Buy" and an average price target of $271.86.

Insider Activity at Packaging Corporation of America

In related news, President Thomas Hassfurther sold 7,063 shares of the firm'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 transaction, the president directly owned 202,891 shares of the company's stock, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald Shirley sold 12,000 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $250.71, for a total transaction of $3,008,520.00. Following the completion of the transaction, the vice president directly owned 19,110 shares of the company's stock, valued at $4,791,068.10. This represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by insiders.

Packaging Corporation of America Trading Up 1.4%

NYSE PKG opened at $235.92 on Friday. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.03 and a beta of 0.75. The stock's 50 day moving average price is $238.41 and its two-hundred day moving average price is $229.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.86 and a current ratio of 2.94. Packaging Corporation of America has a 52 week low of $191.50 and a 52 week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business 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, analysts anticipate that Packaging Corporation of America will post 10.45 earnings per share for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Packaging Corporation of America's dividend payout ratio is presently 77.92%.

Packaging Corporation of America Profile

Packaging Corporation of America NYSE: PKG is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.

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