M&T Bank Corp Buys 27,750 Shares of Packaging Corporation of America $PKG

Key Points

• M&T Bank Corp increased its stake in Packaging Corporation of America by 49.7%, adding 27,750 shares to hold 83,583 shares worth about $17.24 million, and institutional investors now own roughly 89.8% of the stock.
• Packaging reported an adjusted Q1 EPS of $2.40 (vs. $2.17 consensus) with revenue up ~10.6% to ~$2.37B, but its Q2 guidance of $2.33 came in below Street expectations (~$2.52), creating near-term downside despite management citing pricing power and improving margins into Q3.
• President Thomas A. Hassfurther sold 12,129 shares at an average $230.50 for about $2.8M (a 5.8% reduction), insiders own ~1.6% of the stock, and the company pays a $1.25 quarterly dividend (≈2.3% yield).

M&T Bank Corp boosted its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 49.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,583 shares of the industrial products company's stock after buying an additional 27,750 shares during the quarter. M&T Bank Corp owned approximately 0.09% of Packaging Corporation of America worth $17,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Benchmark Financial Wealth Advisors LLC lifted its holdings in Packaging Corporation of America by 2.1% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 2,345 shares of the industrial products company's stock valued at $484,000 after buying an additional 48 shares in the last quarter. World Investment Advisors raised its position in Packaging Corporation of America by 4.1% during the 3rd quarter. World Investment Advisors now owns 1,279 shares of the industrial products company's stock valued at $279,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC raised its position in Packaging Corporation of America by 1.0% during the 4th quarter. River Street Advisors LLC now owns 5,362 shares of the industrial products company's stock valued at $1,106,000 after purchasing an additional 51 shares in the last quarter. Argent Advisors Inc. raised its position in Packaging Corporation of America by 1.9% during the 3rd quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company's stock valued at $622,000 after purchasing an additional 52 shares in the last quarter. Finally, Eastern Bank raised its position in Packaging Corporation of America by 11.0% during the 3rd quarter. Eastern Bank now owns 555 shares of the industrial products company's stock valued at $121,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Key Headlines Impacting Packaging Corporation of America

Here are the key news stories impacting Packaging Corporation of America this week:

• Positive Sentiment: Q1 EPS beat — PKG reported $2.40 adjusted EPS vs. $2.17 consensus, signaling underlying profit strength and driving immediate investor confidence. BusinessWire: Q1 Results
• Positive Sentiment: Management cites strong pricing power and operational efficiency as drivers of higher profit margins, suggesting sustainable improvement in earnings quality. MSN: Pricing Power
• Positive Sentiment: Management expects Q2 EPS (excluding special items) of $2.33 and said price benefits should build into Q3, implying improving margin tailwinds later in the year even though near-term guidance is muted. MSN: Guidance Commentary
• Neutral Sentiment: Revenue rose ~10.6% YoY to ~$2.37–2.4B, showing demand growth, but reported sales slightly missed some analyst estimates — mixed signal for topline momentum. MarketBeat: Q1 Summary
• Negative Sentiment: Q2 guidance below Street expectations (company: $2.33 vs. consensus ~ $2.52) creates near-term downside risk and explains some caution among investors. Company Guidance Release
• Negative Sentiment: Analysts flag margin pressure, special items and weaker results at related peers (Greif) that temper the beat; at least one firm has cut expectations and others note the stock’s full valuation. Zacks: Margin/Special Items AmericanBankingNews: Truist Lowers Expectations Seeking Alpha: Valuation

Insider Activity at Packaging Corporation of America

In related news, President Thomas A. Hassfurther sold 12,129 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president owned 197,062 shares in the company, valued at $45,422,791. The trade was a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group decreased their target price on Packaging Corporation of America from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Packaging Corporation of America in a report on Wednesday, April 1st. They issued a "hold" rating and a $225.00 price target for the company. Zacks Research upgraded shares of Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Weiss Ratings lowered Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Finally, Argus raised Packaging Corporation of America to a "strong-buy" rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Packaging Corporation of America currently has an average rating of "Moderate Buy" and an average price target of $229.00.

Packaging Corporation of America Trading Up 4.9%

PKG opened at $215.24 on Friday. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.87 and a beta of 0.90. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 12 month low of $178.30 and a 12 month high of $249.51. The stock has a fifty day moving average price of $218.26 and a 200-day moving average price of $212.53.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.17 by $0.23. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. Packaging Corporation of America's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities research analysts anticipate that Packaging Corporation of America will post 10.81 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, March 13th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. Packaging Corporation of America's payout ratio is 58.34%.

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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