Nykredit A S Buys New Stake in Packaging Corporation of America $PKG

Key Points

• Nykredit A/S purchased 21,477 shares of Packaging Corporation of America, valued at approximately $5.1 million, while institutional investors collectively own 89.78% of the company.
• Analysts maintain a generally positive outlook, with PKG receiving a “Moderate Buy” consensus rating and an average price target of $264.14.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates, and announced a quarterly dividend of $1.50 per share, representing a 2.5% yield.

Nykredit A S purchased a new position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,477 shares of the industrial products company's stock, valued at approximately $5,118,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% in the fourth quarter. Covestor Ltd now owns 156 shares of the industrial products company's stock valued at $32,000 after buying an additional 91 shares in the last quarter. Fiduciary Financial Advisors acquired a new position in Packaging Corporation of America during the 2nd quarter worth approximately $36,000. Oslo Pensjonsforsikring AS acquired a new position in Packaging Corporation of America during the 1st quarter worth approximately $41,000. Keating Financial Advisory Services Inc. purchased a new position in Packaging Corporation of America in the 2nd quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its holdings in Packaging Corporation of America by 116.0% in the 4th quarter. Hantz Financial Services Inc. now owns 203 shares of the industrial products company's stock worth $42,000 after acquiring an additional 109 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 25th. UBS Group raised their price target on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Bank of America dropped their price target on shares of Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, September 11th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $264.14.

Insider Activity at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 7,063 shares of the stock in a transaction on 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 sale, the president directly owned 202,891 shares of the company's stock, valued at $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Donald R. 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 value of $3,008,520.00. Following the completion of the sale, the vice president owned 19,110 shares in the company, valued at $4,791,068.10. The trade was 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 worth $10,196,101. Company insiders own 1.60% of the company's stock.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $238.59 on Tuesday. The firm has a market cap of $21.26 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.99 and a beta of 0.78. 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 fifty day moving average of $242.36 and a two-hundred day moving average of $227.62.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) 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 business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $2.48 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, research analysts anticipate that Packaging Corporation of America will post 10.49 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. Investors of record on Tuesday, September 15th will be paid a dividend of $1.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.5%. Packaging Corporation of America's dividend payout ratio is 77.92%.

About Packaging Corporation of America

Packaging Corporation of America NYSE: PKG manufactures and sells containerboard and corrugated packaging products. Its offerings include shipping boxes, retail displays, protective packaging and other custom-designed packaging solutions used by businesses in a range of industries.

The company also produces uncoated paper products, including communication papers, office papers and specialty papers. PCA serves customers primarily across the United States and operates a network of paper mills, corrugated products plants, design centers and related facilities.

Packaging Corporation of America was established in 1999 following the acquisition of Tenneco Packaging by an investor group and its subsequent separation from Tenneco Inc Mark W.

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