PACKAGING CORP OF AMERICA
At today's price, PACKAGING CORP OF AMERICA (PKG) is priced for +9.6% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- The earnings momentum is the headline. Q1 2026 net sales rose to $2.4B from $2.1B, EPS was $1.91 ($2.40 excluding special items), and the packaging segment's EBITDA margin expanded to 22% from 20.8% a year earlier, lifted by both volume and the newly integrated Greif containerboard business. - At about $229 the price is roughly 21 times company-wide operating income, which inverts to about 11.3% annual operating growth for five years. That is a durability premium: only the growth-DCF frame rea
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852 institutional managers reported holding PKG in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 49%. 90 opened new positions that quarter. Held by Vanguard Group, BlackRock, T. Rowe Price, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (6.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PKG has cut its share count 5.9% over the past five years, spending $622.90M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $5.00 a share annually. Cash returned over the past three years: $1.23B in dividends and $100.30M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PKG over the trailing three years: 2024: 1 buy totaling $55k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PKG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +8.6% | -1.5% |
| 2023-11-04 | +3.0% | +6.0% |
| 2024-03-01 | +2.2% | -2.2% |
| 2024-05-09 | -3.0% | +1.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PKG's latest 8-K filings: 2026-05-13 (items 5.07); 2026-04-23 (items 2.02, 9.01); 2026-03-03 (items 5.02, 9.01); 2026-01-28 (items 2.02, 9.01); 2025-12-10 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.