Russell Investments Group Ltd. Sells 10,796 Shares of Packaging Corporation of America $PKG

Key Points

• Russell Investments trimmed its stake in Packaging Corporation of America by 8%, selling 10,796 shares and leaving it with 124,279 shares (about 0.14%) valued at roughly $27.08 million.
• Packaging Co. missed Q4 estimates with EPS of $2.32 versus $2.41 expected and revenue of $2.36 billion versus $2.43 billion expected, and it set Q1 2026 guidance at 2.20 EPS.
• President Thomas A. Hassfurther sold 12,129 shares for about $2.8 million (a 5.8% cut to his position), while the company announced a quarterly dividend of $1.25 ($5.00 annually, ~2.3% yield) and carries a MarketBeat consensus rating of Moderate Buy with a $236 target.

Russell Investments Group Ltd. reduced its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 8.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,279 shares of the industrial products company's stock after selling 10,796 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Packaging Corporation of America worth $27,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. World Investment Advisors grew its position in Packaging Corporation of America by 4.1% in the third quarter. World Investment Advisors now owns 1,279 shares of the industrial products company's stock worth $279,000 after acquiring an additional 50 shares in the last quarter. Advyzon Investment Management LLC increased its stake in Packaging Corporation of America by 3.3% during the second quarter. Advyzon Investment Management LLC now owns 1,608 shares of the industrial products company's stock worth $303,000 after acquiring an additional 52 shares during the last quarter. Argent Advisors Inc. raised its position in Packaging Corporation of America by 1.9% during the third quarter. Argent Advisors Inc. now owns 2,852 shares of the industrial products company's stock valued at $622,000 after purchasing an additional 52 shares during the period. Eastern Bank lifted its stake in shares of Packaging Corporation of America by 11.0% in the 3rd quarter. Eastern Bank now owns 555 shares of the industrial products company's stock valued at $121,000 after purchasing an additional 55 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Packaging Corporation of America by 40.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PKG shares. Truist Financial cut their target price on Packaging Corporation of America from $273.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, January 29th. UBS Group raised their price target on Packaging Corporation of America from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 12th. Wall Street Zen raised shares of Packaging Corporation of America from a "sell" rating to a "hold" rating in a research note on Saturday, January 3rd. JPMorgan Chase & Co. increased their target price on shares of Packaging Corporation of America from $238.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, December 5th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.00.

Insider Activity at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the business's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $214.12 on Friday. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $249.51. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $226.49 and a two-hundred day simple moving average of $213.57. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 1.71 and a beta of 0.88.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $2.32 EPS for the quarter, missing the consensus estimate of $2.41 by ($0.09). Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.22%. The firm had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the prior year, the business posted $2.47 EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, analysts predict that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is 58.34%.

Packaging Corporation of America 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.

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