Korea Investment CORP Makes New Investment in Packaging Corporation of America $PKG

Korea Investment CORP acquired a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,387 shares of the industrial products company's stock, valued at approximately $3,190,000.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Packaging Corporation of America during the second quarter worth approximately $1,837,506,000. Bank of New York Mellon Corp purchased a new position in Packaging Corporation of America in the second quarter valued at approximately $748,095,000. Norges Bank acquired a new stake in Packaging Corporation of America during the fourth quarter worth approximately $237,649,000. Diamant Asset Management Inc. raised its holdings in 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 in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter worth approximately $133,174,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PKG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and upped their target price for the company from $225.00 to $256.00 in a report on Monday, May 4th. 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 note on Friday, July 24th. Weiss Ratings cut shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Bank of America upped their price objective on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Truist Financial raised their price objective on Packaging Corporation of America from $258.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $264.57.

Packaging Corporation of America Price Performance

PKG stock opened at $248.79 on Tuesday. The company has a market capitalization of $22.17 billion, a P/E ratio of 32.31, a PEG ratio of 2.39 and a beta of 0.80. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98. The business has a 50 day simple moving average of $241.42 and a 200-day simple moving average of $227.73. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its 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. The business had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.48 EPS for the current year.

Insider Buying and Selling at Packaging Corporation of America

In other news, VP Donald R. Shirley sold 12,000 shares of the company's stock in a transaction dated 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 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the sale, the president owned 218,751 shares of the company's stock, valued at $54,687,750. This trade represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 49,657 shares of company stock worth $12,207,564. 1.60% of the stock is owned by company insiders.

Packaging Corporation of America 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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