Packaging Corporation of America $PKG Stock Acquired by Andra AP fonden

Key Points

• Andra AP fonden increased its Packaging Corporation of America stake by 4,309% in the second quarter, bringing its holdings to 4,409 shares valued at approximately $1.05 million. Institutional investors collectively own 89.78% of PKG.
• PKG shares were trading down 1.3% at $237.80, while the company reported quarterly EPS of $2.35, beating estimates, and revenue of $2.49 billion, up 14.7% year over year.
• Packaging Corporation of America declared a quarterly dividend of $1.50 per share, equivalent to an annualized $6.00 dividend and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $271.14.

Andra AP fonden grew its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 4,309.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,409 shares of the industrial products company's stock after acquiring an additional 4,309 shares during the period. Andra AP fonden's holdings in Packaging Corporation of America were worth $1,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Talon Private Wealth LLC grew its holdings in Packaging Corporation of America by 21.0% during the second quarter. Talon Private Wealth LLC now owns 11,263 shares of the industrial products company's stock valued at $2,684,000 after purchasing an additional 1,954 shares during the period. National Pension Service raised its stake in shares of Packaging Corporation of America by 11.1% in the second quarter. National Pension Service now owns 6,305 shares of the industrial products company's stock worth $1,502,000 after buying an additional 631 shares during the period. Cidel Asset Management Inc. purchased a new position in shares of Packaging Corporation of America during the 2nd quarter valued at about $208,000. Summit Financial Strategies Inc. grew its stake in shares of Packaging Corporation of America by 7.9% during the 2nd quarter. Summit Financial Strategies Inc. now owns 265,099 shares of the industrial products company's stock valued at $63,168,000 after acquiring an additional 19,442 shares during the period. Finally, Teamwork Financial Advisors LLC grew its stake in shares of Packaging Corporation of America by 13.5% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 51,926 shares of the industrial products company's stock valued at $12,373,000 after acquiring an additional 6,170 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the sale, the vice president owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thomas A. Hassfurther sold 7,063 shares of the company'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 sale, the president directly owned 202,891 shares in the company, valued at $51,534,314. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,391 shares of company stock worth $10,196,101 over the last quarter. 1.60% of the stock is owned by company insiders.

Packaging Corporation of America Trading Down 1.3%

PKG stock opened at $237.80 on Friday. Packaging Corporation of America has a 1-year low of $191.50 and a 1-year high of $259.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.04 and a beta of 0.78. The business has a 50 day simple moving average of $242.96 and a two-hundred day simple moving average of $227.87.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.31 by $0.04. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts anticipate that Packaging Corporation of America will post 10.49 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PKG shares. UBS Group raised their target price on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on shares of Packaging Corporation of America from $312.00 to $320.00 and gave the stock an "overweight" rating in a research note on Wednesday. Truist Financial raised their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Bank of America lowered their target price 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 reaffirmed an "equal weight" rating and issued a $246.00 target price (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 stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus target price of $271.14.

Packaging Corporation of America Company Profile

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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