Nykredit A S Invests $6.20 Million in Packaging Corporation of America $PKG

Key Points

• Nykredit A/S acquired 26,033 shares of Packaging Corporation of America worth approximately $6.2 million, while institutional investors collectively own 89.78% of the company.
• Packaging Corporation of America reported quarterly EPS of $2.35, exceeding estimates by $0.04, with revenue rising 14.7% year over year to $2.49 billion. Analysts maintain a “Moderate Buy” consensus and an average price target of $264.57.
• The company declared a quarterly dividend of $1.50 per share, equivalent to $6.00 annually and a 2.5% yield; however, insiders sold more than 40,000 shares worth roughly $10.2 million over the past three months.

Nykredit A S acquired a new position in Packaging Corporation of America (NYSE:PKG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,033 shares of the industrial products company's stock, valued at approximately $6,203,000.

Other large investors have also modified their holdings of the company. Ancora Advisors LLC purchased a new stake in Packaging Corporation of America during the 2nd quarter worth $1,001,000. PNC Financial Services Group Inc. grew its stake in Packaging Corporation of America by 7.8% in the first quarter. PNC Financial Services Group Inc. now owns 73,669 shares of the industrial products company's stock worth $15,634,000 after purchasing an additional 5,355 shares in the last quarter. Heartland Advisors Inc. increased its holdings in shares of Packaging Corporation of America by 47.6% in the 4th quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company's stock valued at $8,073,000 after acquiring an additional 12,621 shares during the last quarter. Adams Natural Resources Fund Inc. increased its stake in Packaging Corporation of America by 71.6% during the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company's stock valued at $2,695,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of Packaging Corporation of America by 29.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 50,737 shares of the industrial products company's stock valued at $12,092,000 after buying an additional 11,540 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

Shares of PKG stock opened at $237.51 on Monday. The firm has a market cap of $21.16 billion, a P/E ratio of 30.85, a PEG ratio of 2.41 and a beta of 0.78. The stock's 50-day moving average is $242.25 and its two-hundred day moving average is $227.61. 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 fifty-two week low of $191.50 and a fifty-two week high of $259.98.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted 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 firm had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the previous year, the company earned $2.48 earnings per share. 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. Analysts predict that Packaging Corporation of America will post 10.48 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business 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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Packaging Corporation of America's dividend payout ratio (DPR) is presently 77.92%.

Analysts Set New Price Targets

A number of brokerages recently commented on PKG. Bank of America upped their price objective on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. UBS Group raised their price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Citigroup boosted their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. 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 report on Friday, July 24th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $264.57.

Insider Buying and Selling

In related news, VP Donald R. Shirley sold 12,000 shares of the business's 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 completion of the transaction, the vice president owned 19,110 shares of the company's stock, valued at approximately $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Hassfurther sold 12,531 shares of the company's stock in a transaction that occurred on 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 transaction, the president owned 218,751 shares of the company's stock, 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 sold 40,391 shares of company stock worth $10,196,101. Insiders own 1.60% of the company's stock.

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.

Want to see what other hedge funds are holding PKG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Packaging Corporation of America (NYSE:PKG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.