Packaging Corporation of America $PKG Shares Sold by Sumitomo Mitsui Trust Group Inc.

05 Nov 2026, 05:44 by Doug Wharley · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Packaging Corporation of America (NYSE:PKG – Free Report) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,893 shares of the industrial products company’s stock after selling 4,349 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Packaging Corporation of America worth $47,432,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PKG. John Boyer Inc. purchased a new position in Packaging Corporation of America during the 3rd quarter worth approximately $28,000. Fiduciary Financial Advisors acquired a new position in shares of Packaging Corporation of America during the second quarter worth $36,000. Keating Financial Advisory Services Inc. acquired a new stake in Packaging Corporation of America during the 2nd quarter worth $41,000. Oslo Pensjonsforsikring AS purchased a new stake in shares of Packaging Corporation of America in the first quarter valued at approximately $41,000. Finally, Lynch Investment Planning LLC purchased a new stake in shares of Packaging Corporation of America in the third quarter valued at $45,000. Institutional investors own 89.78% of the company’s stock.

Analyst Ratings Changes

PKG has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Packaging Corporation of America from $320.00 to $322.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Truist Financial restated a “buy” rating and set a $294.00 price target (up from $280.00) on shares of Packaging Corporation of America in a report on Friday, October 23rd. Bank of America dropped their price objective on Packaging Corporation of America from $280.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, September 11th. Citigroup increased their target price on Packaging Corporation of America from $253.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Finally, Wells Fargo & Company dropped their target price on Packaging Corporation of America from $246.00 to $245.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.43.

Check Out Our Latest Research Report on Packaging Corporation of America

Packaging Corporation of America Price Performance

PKG stock opened at $259.33 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $237.98 and its 200 day simple moving average is $230.03. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.92 and a beta of 0.76. Packaging Corporation of America has a 12-month low of $191.50 and a 12-month high of $262.59.

Packaging Corporation of America (NYSE:PKG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.93 by $0.11. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.61 billion. Packaging Corporation of America had a net margin of 7.40% and a return on equity of 19.63%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $2.73 EPS. On average, analysts expect that Packaging Corporation of America will post 10.56 earnings per share for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th were issued a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $6.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s payout ratio is 73.89%.

Insider Buying and Selling

In other Packaging Corporation of America news, President Thomas Hassfurther sold 7,063 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $254.00, for a total transaction of $1,794,002.00. Following the completion of the sale, the president directly owned 202,891 shares of the company’s stock, valued at approximately $51,534,314. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald Shirley sold 12,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $250.71, for a total value of $3,008,520.00. Following the completion of the sale, the vice president directly owned 19,110 shares in the company, valued at $4,791,068.10. This trade represents a 38.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.60% of the company’s stock.

About Packaging Corporation of America

(Free Report)

Packaging Corporation of America (NYSE:PKG) is a manufacturer of corrugated packaging and containerboard products serving businesses primarily in the United States. Its products include shipping boxes, retail packaging, displays, protective packaging and specialty corrugated solutions used to transport and present a broad range of consumer and industrial goods.