Rakuten Investment Management Inc. Takes Position in Packaging Corporation of America $PKG

Key Points

• Institutional ownership remains high: Rakuten Investment Management acquired 14,511 PKG shares worth approximately $3.45 million, while 89.78% of the stock is held by institutional investors and hedge funds.
• Insiders have been selling: Company insiders sold 40,391 shares valued at about $10.2 million over the past 90 days, reducing insider ownership to 1.60%.
• Analyst sentiment is favorable: Packaging Corporation of America has a consensus “Moderate Buy” rating and an average price target of $264.57, above its reported $240.87 share price. The company also beat quarterly earnings estimates, reporting $2.35 in EPS and 14.7% year-over-year revenue growth.

Rakuten Investment Management Inc. acquired 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 firm acquired 14,511 shares of the industrial products company's stock, valued at approximately $3,449,000.

Several other institutional investors have also made changes to their positions in PKG. BlackRock Inc. bought a new stake in Packaging Corporation of America in the second quarter valued at about $1,837,506,000. State Street Corp lifted its stake in Packaging Corporation of America by 1.3% during the fourth quarter. State Street Corp now owns 4,185,761 shares of the industrial products company's stock worth $868,349,000 after purchasing an additional 54,884 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Packaging Corporation of America by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,478,505 shares of the industrial products company's stock valued at $717,372,000 after purchasing an additional 83,978 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Packaging Corporation of America by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,316,670 shares of the industrial products company's stock valued at $683,997,000 after purchasing an additional 231,474 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Packaging Corporation of America in the 2nd quarter valued at approximately $748,095,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Packaging Corporation of America

In related news, VP Donald R. Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated 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 completion of the transaction, the vice president directly owned 19,110 shares of the company's stock, valued at $4,791,068.10. The trade was a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Friday, August 7th. The stock was sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the transaction, the president owned 202,891 shares in the company, valued at approximately $51,534,314. This trade represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,391 shares of company stock worth $10,196,101 in the last 90 days. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PKG. UBS Group increased their target price on Packaging Corporation of America from $271.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Wells Fargo & Company reiterated an "equal weight" rating and set a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Packaging Corporation of America from a "hold" rating to a "buy" rating and boosted their target price for the company from $225.00 to $256.00 in a research note on Monday, May 4th. Bank of America upped their target price on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Citigroup increased their target price 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. 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 stock. According to data from MarketBeat.com, Packaging Corporation of America presently has a consensus rating of "Moderate Buy" and an average price target of $264.57.

Packaging Corporation of America Stock Up 0.2%

Shares of PKG opened at $240.87 on Monday. The company has a market capitalization of $21.46 billion, a P/E ratio of 31.28, a PEG ratio of 2.27 and a beta of 0.80. Packaging Corporation of America has a one year low of $191.50 and a one year high of $259.98. The business's 50 day simple moving average is $242.62 and its 200-day simple moving average is $227.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.94 and a quick ratio of 1.86.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.94% and a net margin of 7.25%.The firm had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period last year, the firm posted $2.48 EPS. The business's revenue 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, sell-side analysts predict that Packaging Corporation of America will post 10.48 EPS for the current fiscal year.

About Packaging Corporation of America

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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