Packaging Corporation of America $PKG Stake Reduced by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Packaging Corporation of America stake by 99.7%, selling 2.83 million shares and retaining 9,902 shares valued at approximately $2.27 million. Institutional investors collectively own 89.78% of PKG.
• Analyst sentiment remains favorable ahead of the upcoming earnings report: PKG has a consensus “Moderate Buy” rating and an average price target of $271.86, while several analysts raised their targets and earnings estimates.
• PKG shares recently traded at $232, and the company declared a quarterly dividend of $1.50 per share, equivalent to a 2.6% annualized yield.

Curated Wealth Partners LLC decreased its stake in Packaging Corporation of America (NYSE:PKG - Free Report) by 99.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,902 shares of the industrial products company's stock after selling 2,832,241 shares during the period. Curated Wealth Partners LLC's holdings in Packaging Corporation of America were worth $2,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new position in Packaging Corporation of America during the second quarter worth approximately $1,001,000. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $15,634,000 after purchasing an additional 5,355 shares during the period. Benjamin Edwards Inc. boosted its holdings 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 worth $12,092,000 after buying an additional 11,540 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Packaging Corporation of America during the second quarter worth approximately $3,449,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Packaging Corporation of America in the second quarter valued at approximately $4,402,000. Institutional investors own 89.78% of the company's stock.

Packaging Corporation of America News Roundup

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

• Positive Sentiment: Positive earnings expectations: Zacks says Packaging Corporation of America has the combination of earnings-estimate revisions and other factors that could support an earnings beat in its report next week. Wall Street expects year-over-year earnings growth. Packaging Corp. PKG Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Broad upward estimate revisions: Zacks Research raised its forecasts for fourth-quarter 2026 EPS to $2.78 from $2.76, fiscal 2026 EPS to $10.44 from $10.42, and fiscal 2027 EPS to $12.51 from $12.46. It also lifted estimates for several 2027 and 2028 quarters, including fiscal 2028 EPS to $14.66 from $14.60. These revisions signal improving expectations for future profitability. Packaging Corporation of America Analyst Estimates
• Positive Sentiment: Analyst sees additional upside: A Truist Financial analyst said PKG’s stock price is expected to rise, adding to the positive sentiment surrounding the shares. The report did not provide further details on the analyst’s price target or rating change. Packaging Corporation of America Stock Price Expected to Rise, Truist Financial Analyst Says
• Neutral Sentiment: Earnings date approaching: Packaging Corporation of America is projected to release its earnings on Wednesday, making the upcoming results and management outlook the next major catalysts for PKG. Packaging Corporation of America Projected to Release Earnings on Wednesday

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PKG shares. Wells Fargo & Company cut their price objective on shares of Packaging Corporation of America from $246.00 to $245.00 and set an "equal weight" rating for the company in a report on Wednesday, October 7th. Truist Financial increased their price target on shares of Packaging Corporation of America from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America lowered their price target on Packaging Corporation of America from $280.00 to $260.00 and set a "buy" rating for the company in a report on Friday, September 11th. UBS Group decreased their target price on Packaging Corporation of America from $292.00 to $289.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $271.86.

Insider Activity

In other news, President Thomas Hassfurther sold 7,063 shares of the business's stock in a transaction that occurred 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 transaction, the president owned 202,891 shares in the company, valued at $51,534,314. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. This represents a 38.57% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,391 shares of company stock valued at $10,196,101. Company insiders own 1.60% of the company's stock.

Packaging Corporation of America Trading Up 0.9%

NYSE PKG traded up $2.04 during trading hours on Thursday, hitting $232.00. 162,277 shares of the company's stock were exchanged, compared to its average volume of 799,611. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.99 and a beta of 0.75. The stock has a 50-day simple moving average of $239.20 and a 200 day simple moving average of $229.53. 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 has a 1-year low of $191.50 and a 1-year high of $259.98.

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, topping the consensus estimate of $2.31 by $0.04. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Packaging Corporation of America had a net margin of 7.25% and a return on equity of 18.94%. Packaging Corporation of America's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 earnings per share. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. On average, equities analysts forecast that Packaging Corporation of America will post 10.45 EPS for the current fiscal year.

Packaging Corporation of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be issued 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 2.6%. Packaging Corporation of America's payout ratio is 77.92%.

About Packaging Corporation of America

Packaging Corporation of America NYSE: PKG is a manufacturer of containerboard and corrugated packaging products in the United States. The company produces linerboard, corrugating medium and finished corrugated containers used to package and transport consumer, industrial, food and agricultural products.

PCA also manufactures specialty packaging products, including retail displays, protective packaging and custom-designed corrugated solutions. Through its Paper segment, the company produces and sells uncoated freesheet paper and related specialty papers for commercial printing, office use, converting and other applications.

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