Teamwork Financial Advisors LLC Increases Stake in Packaging Corporation of America $PKG

Key Points

• Teamwork Financial Advisors increased its Packaging Corporation of America stake by 13.5% in the second quarter, bringing its holdings to 51,926 shares valued at approximately $12.4 million. Institutional investors collectively own 89.78% of PKG.
• Analysts maintain a generally positive view, with PKG receiving a consensus “Moderate Buy” rating and an average price target of $264.57. Several firms recently raised their targets, including UBS to $292.
• PKG reported quarterly EPS of $2.35, exceeding estimates by $0.04, while revenue rose 14.7% year over year to $2.49 billion. The company also declared a quarterly dividend of $1.50 per share, representing a 2.6% annualized yield.

Teamwork Financial Advisors LLC lifted its stake in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 13.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,926 shares of the industrial products company's stock after buying an additional 6,170 shares during the quarter. Teamwork Financial Advisors LLC owned approximately 0.06% of Packaging Corporation of America worth $12,373,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in shares of Packaging Corporation of America in the 2nd quarter valued at $1,001,000. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 5,355 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of Packaging Corporation of America by 47.6% during the fourth quarter. Heartland Advisors Inc. now owns 39,145 shares of the industrial products company's stock worth $8,073,000 after purchasing an additional 12,621 shares during the last quarter. Adams Natural Resources Fund Inc. increased its position in shares of Packaging Corporation of America by 71.6% during the first quarter. Adams Natural Resources Fund Inc. now owns 12,700 shares of the industrial products company's stock worth $2,695,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Packaging Corporation of America by 29.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 50,737 shares of the industrial products company's stock valued at $12,092,000 after purchasing an additional 11,540 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Thomas A. Hassfurther sold 12,531 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $250.00, for a total transaction of $3,132,750.00. Following the transaction, the president directly owned 218,751 shares in the company, valued at $54,687,750. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Donald R. Shirley sold 12,000 shares of the business's 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 in the company, valued at approximately $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,391 shares of company stock valued at $10,196,101. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PKG. Weiss Ratings raised Packaging Corporation of America from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. raised their target price on shares of Packaging Corporation of America from $269.00 to $271.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. UBS Group lifted their target price on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Bank of America upped their price target on shares of Packaging Corporation of America from $242.00 to $263.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Citigroup increased their price target on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Packaging Corporation of America has a consensus rating of "Moderate Buy" and a consensus price target of $264.57.

Packaging Corporation of America Trading Down 2.2%

Shares of PKG stock opened at $232.02 on Wednesday. The company has a market capitalization of $20.67 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The company has a current ratio of 2.94, a quick ratio of 1.86 and a debt-to-equity ratio of 0.85. The business's 50 day moving average is $242.13 and its two-hundred day moving average is $227.54. Packaging Corporation of America has a twelve month low of $191.50 and a twelve month high of $259.98.

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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The company's quarterly revenue was up 14.7% compared to the same quarter last year. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Equities analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, September 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. Packaging Corporation of America's dividend payout ratio is presently 77.92%.

Packaging Corporation of America Company 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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