Insider Selling: Packaging Corporation of America (NYSE:PKG) CEO Sells 9,266 Shares of Stock

Key Points

• PKG CEO Mark Kowlzan sold 9,266 shares on May 27 at an average price of $217.08, totaling about $2.0 million. After the sale, he still held 473,610 shares valued at roughly $102.8 million.
• The company recently raised its quarterly dividend to $1.50 per share from $1.25, payable July 15 to shareholders of record on June 15. That puts the annualized dividend at $6.00 per share, or a 2.8% yield.
• Packaging Corporation of America reported stronger-than-expected quarterly earnings of $2.40 per share, beating estimates, though revenue came in below forecasts. Analysts currently rate the stock a “Moderate Buy,” with an average price target of $236.57.

Packaging Corporation of America (NYSE:PKG - Get Free Report) CEO Mark Kowlzan sold 9,266 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total value of $2,011,463.28. Following the completion of the sale, the chief executive officer directly owned 473,610 shares in the company, valued at $102,811,258.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Packaging Corporation of America Stock Performance

PKG traded down $0.00 during midday trading on Thursday, reaching $217.99. The company's stock had a trading volume of 952,117 shares, compared to its average volume of 980,442. The stock has a market cap of $19.42 billion, a P/E ratio of 26.52, a PEG ratio of 1.97 and a beta of 0.81. The company has a fifty day simple moving average of $212.79 and a 200 day simple moving average of $214.50. The company has a current ratio of 3.07, a quick ratio of 1.88 and a debt-to-equity ratio of 0.87. Packaging Corporation of America has a twelve month low of $184.76 and a twelve month high of $249.51.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.23. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Research analysts expect that Packaging Corporation of America will post 10.81 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a $1.50 dividend. This is an increase from Packaging Corporation of America's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. Packaging Corporation of America's payout ratio is 60.83%.

Institutional Trading of Packaging Corporation of America

Several institutional investors have recently modified their holdings of PKG. Ashton Thomas Private Wealth LLC bought a new stake in Packaging Corporation of America in the third quarter valued at $485,000. Envestnet Asset Management Inc. grew its position in Packaging Corporation of America by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 220,499 shares of the industrial products company's stock valued at $48,053,000 after acquiring an additional 20,016 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Packaging Corporation of America in the fourth quarter valued at $4,664,000. Bank of New York Mellon Corp grew its position in Packaging Corporation of America by 119.9% in the third quarter. Bank of New York Mellon Corp now owns 1,863,359 shares of the industrial products company's stock valued at $406,082,000 after acquiring an additional 1,015,894 shares during the period. Finally, National Pension Service grew its position in Packaging Corporation of America by 25.1% in the third quarter. National Pension Service now owns 46,998 shares of the industrial products company's stock valued at $10,242,000 after acquiring an additional 9,444 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on PKG shares. Weiss Ratings lowered Packaging Corporation of America from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. Truist Financial reissued a "buy" rating and set a $258.00 price objective (down from $260.00) on shares of Packaging Corporation of America in a report on Monday, April 27th. UBS Group raised Packaging Corporation of America from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $232.00 to $248.00 in a report on Wednesday, May 20th. Argus raised Packaging Corporation of America to a "strong-buy" rating in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $225.00 to $246.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. One investment 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $236.57.

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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