Groupe la Francaise Takes Position in Packaging Corporation of America $PKG

Key Points

• Groupe la Française acquired 20,173 shares of Packaging Corporation of America in the second quarter, valued at approximately $4.8 million. Institutional investors collectively own 89.78% of the company.
• Packaging Corporation of America reported quarterly earnings of $2.35 per share, beating estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion.
• The company declared a quarterly dividend of $1.50, equivalent to $6.00 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $264.57, although insiders have sold more than 40,000 shares over the past three months.

Groupe la Francaise acquired a new stake in Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,173 shares of the industrial products company's stock, valued at approximately $4,807,000.

Other hedge funds also recently added to or reduced their stakes in the company. DV Equities LLC bought a new position in Packaging Corporation of America during the 4th quarter worth about $26,000. Fiduciary Financial Advisors bought a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at about $36,000. Covestor Ltd raised its holdings in shares of Packaging Corporation of America by 140.0% in the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of 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 worth $34,000 after purchasing an additional 80 shares during the period. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Packaging Corporation of America in the 2nd quarter worth approximately $41,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald Shirley sold 12,000 shares of the stock in a transaction dated 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 trade represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Hassfurther sold 12,531 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was 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 in the company, valued at approximately $54,687,750. This trade represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is currently owned by corporate insiders.

Packaging Corporation of America Trading Up 0.1%

Shares of NYSE:PKG opened at $237.51 on Tuesday. The business's 50-day moving average is $242.26 and its 200 day moving average is $227.59. 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 firm has a market capitalization of $21.16 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.41 and a beta of 0.78.

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

Packaging Corporation of America Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Truist Financial increased their target price 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. Bank of America lifted their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Packaging Corporation of America has an average rating of "Moderate Buy" and a consensus target price of $264.57.

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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