North Dakota State Investment Board Makes New Investment in Packaging Corporation of America $PKG

by · The Cerbat Gem

North Dakota State Investment Board bought a new position in Packaging Corporation of America (NYSE:PKG – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,028 shares of the industrial products company’s stock, valued at approximately $624,000.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Packaging Corporation of America in the third quarter worth $485,000. Envestnet Asset Management Inc. lifted its holdings in shares of Packaging Corporation of America by 10.0% during 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 purchasing an additional 20,016 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Packaging Corporation of America by 119.9% during 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 purchasing an additional 1,015,894 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of Packaging Corporation of America during the fourth quarter valued at $4,664,000. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Packaging Corporation of America by 13.4% during the third quarter. Illinois Municipal Retirement Fund now owns 51,570 shares of the industrial products company’s stock valued at $11,239,000 after purchasing an additional 6,092 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised Packaging Corporation of America from a “hold” rating to a “buy” rating and upped their price target for the company from $225.00 to $256.00 in a report on Monday, May 4th. Citigroup lowered their price target on Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Argus raised Packaging Corporation of America to a “strong-buy” rating in a report on Thursday, February 26th. Finally, UBS Group raised Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price target for the company from $232.00 to $248.00 in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.57.

Read Our Latest Stock Analysis on Packaging Corporation of America

Packaging Corporation of America Stock Up 0.4%

Packaging Corporation of America stock opened at $213.96 on Friday. The stock has a market cap of $19.06 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.88 and a current ratio of 3.07. Packaging Corporation of America has a one year low of $184.76 and a one year high of $249.51. The stock has a fifty day moving average of $212.78 and a 200 day moving average of $213.94.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.23. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Packaging Corporation of America had a return on equity of 19.27% and a net margin of 8.04%.Packaging Corporation of America’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 earnings per share. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, sell-side analysts predict that Packaging Corporation of America will post 10.81 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, June 15th. Packaging Corporation of America’s dividend payout ratio (DPR) is currently 60.83%.

About Packaging Corporation of America

(Free Report)

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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