Sumitomo Mitsui Trust Group Inc. Sells 23,838 Shares of Packaging Corporation of America $PKG

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in Packaging Corporation of America by 9.7%, selling 23,838 shares and finishing the quarter with 222,463 shares (~0.25% of the company) valued at about $45.9 million.
• Company President Thomas A. Hassfurther sold 12,129 shares at an average price of $230.50 (≈$2.8M), a 5.8% cut that left him with 197,062 shares.
• Packaging Corp. missed Q4 estimates with EPS of $2.32 vs. $2.41 and revenue of $2.36B vs. $2.43B, though revenue rose 10.1% YoY; it also paid a $1.25 quarterly dividend (annualized $5.00, 2.4% yield).

Sumitomo Mitsui Trust Group Inc. decreased its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,463 shares of the industrial products company's stock after selling 23,838 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Packaging Corporation of America worth $45,879,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of Packaging Corporation of America by 105.4% in the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Packaging Corporation of America in the third quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its position in shares of Packaging Corporation of America by 40.4% in the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 57 shares during the period. NBT Bank N A NY bought a new position in shares of Packaging Corporation of America in the third quarter valued at approximately $41,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Packaging Corporation of America by 40.7% in the third 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 period. Institutional investors own 89.78% of the company's stock.

Insider Activity

In other news, President Thomas A. Hassfurther sold 12,129 shares of the firm's stock in a transaction on 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 sale, the president owned 197,062 shares in the company, valued at approximately $45,422,791. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Packaging Corporation of America Trading Down 1.5%

Shares of Packaging Corporation of America stock opened at $206.81 on Thursday. The company's fifty day simple moving average is $221.78 and its 200-day simple moving average is $212.72. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.89 and a beta of 0.90. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. Packaging Corporation of America has a 1 year low of $176.45 and a 1 year high of $249.51.

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

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were paid a $1.25 dividend. The ex-dividend date was Friday, March 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Packaging Corporation of America's dividend payout ratio (DPR) is presently 58.34%.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of recent analyst reports. Zacks Research raised shares of Packaging Corporation of America from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 6th. Weiss Ratings lowered shares of Packaging Corporation of America from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Packaging Corporation of America in a research report on Wednesday, April 1st. They issued a "hold" rating and a $225.00 price target on the stock. Truist Financial dropped their price target on shares of Packaging Corporation of America from $270.00 to $267.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Citigroup lowered their price objective on shares of Packaging Corporation of America from $227.00 to $217.00 and set a "neutral" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $230.00.

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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