Packaging Corporation of America (PKG)
Produces containerboard and converts it into corrugated shipping, display, and protective packaging.
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Produces containerboard and converts most of it into corrugated shipping containers, retail displays, and protective packaging through a U.S. mill-and-plant network. A smaller Paper segment sells Boise office, printing, and converting papers, while Packaging remains tied to local customer demand, mill output, and freight and fiber costs.
Turns linerboard and corrugating medium from an integrated U.S. mill system into corrugated shipping containers, high-graphic boxes and displays, and Hexacomb honeycomb protective packaging. The Packaging segment also sells some containerboard externally, while the smaller Paper segment supplies Boise-branded office, printing, and converting papers.
Pairs national mill capacity with regional converting plants, local sales teams, and packaging-design engineers. Most containerboard production is consumed internally, and plants sit near customers to support customized products and short delivery routes. The recent Greif containerboard acquisition expanded both mills and converting coverage.
Operates primarily in the United States. Corrugated demand tracks the shipment of food, beverages, agricultural goods, retail merchandise, and manufactured products; results also depend on mill reliability, freight, energy, and virgin and recycled fiber costs. Paper demand faces continued substitution from digital communication and document storage.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | UBS | Reiterate | Rating: —Target: $271 | Target: $292 |
| Aug 12, 2026 | Seaport Global | Reiterate | Rating: —Target: — | Target: $272 |
| Jul 29, 2026 | Argus Research | Target | Target: $251 | Target: $274 |
| Jul 28, 2026 | Loop Capital Markets | Target | Target: — | Target: $312 |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $248 | Target: $271 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $593.8M · Total debt $4.40B · Total assets $11.02B · Shareholders' equity $4.66B
- Revenue
- $2.49B
- Operating income
- $333.2M
- Net income
- $192.1M
HistoryDividendAnnual yield
| Institutions | 99.04% | 88.24M shares | |
|---|---|---|---|
| 913 holders · as of Jun 30, 2026 | |||
| Insiders | 1.43% | 1.27M shares | |
| 19 holders · as of Aug 24, 2026 | |||
| Adds to | 100.47% | ||
89.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.47%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.66% | 7.71M | as of Jun 30, 2026 |
T. Rowe Price Associates, Inc.Institution | 7.32% | 6.53M | filed May 15, 2026 |
Price T Rowe Associates Inc /MD/Institution | 6.54% | 5.82M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.51% | 5.80M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.18% | 4.62M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Donald R. Shirley | officer: Exec. VP | −12,000 | $250.71 |
| Aug 7, 2026 | Thomas A. Hassfurther | officer: President | −7,063 | $254.00 |
| Aug 5, 2026 | Thomas A. Hassfurther | officer: President | −8,797 | $257.00 |
| Aug 3, 2026 | Thomas A. Hassfurther | officer: President | −12,531 | $250.00 |
| May 27, 2026 | Mark W. Kowlzan | director, officer: Chairman & CEO | −9,266 | $217.08 |
- International Paper
Broad corrugated and containerboard overlap in North America.
- Smurfit Westrock
Large-scale corrugated and consumer-packaging overlap.
- Sylvamo
Direct overlap in uncoated freesheet paper.
- Graphic Packaging
Adjacent consumer paperboard and display-packaging overlap.
- Sonoco Products
Industrial paper and fiber-packaging adjacency.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Packaging Corporation of America | $239.93 | +0.68% | $21.23B | 30.9 | 20.4 | 2.2 | +14.7% |
| International Paper | $35.83 | +1.42% | $18.71B | — | 15.4 | 0.8 | −11.3% |
| Smurfit Westrock | $46.21 | +1.76% | $23.82B | 48.3 | 15.7 | 0.8 | +1.7% |
| Sylvamo | $36.93 | +2.27% | $1.43B | 19.2 | 10.2 | 0.4 | +1.5% |
| Graphic Packaging | $9.46 | +2.22% | $2.74B | 14.0 | 10.2 | 0.3 | −0.7% |
| Sonoco Products | $50.54 | +2.62% | $4.87B | 7.6 | 8.4 | 0.7 | −1.3% |
| Median | 16.6 | 10.2 | 0.7 | −0.7% |