Mark W. Kowlzan, Chairman and CEO of Packaging Corp of America (NASDAQ:PKG), sold 9,266 shares on May 27, 2026. The transaction totaled approximately $2,011,426.
The shares were sold at a weighted average price of $217.076 per share. Following this, Kowlzan directly holds 473,610 shares.
PKG currently trades at $218.14, with a market cap of $19.3 billion. Bond.az analysis suggests the stock appears overvalued. The company has a P/E ratio of 26.44 and a dividend yield of 2.75%.
Kowlzan also indirectly holds 20,503 shares through a 401k plan and 2,565 shares held by his spouse.
Recently, Packaging Corp increased its quarterly dividend by 20% to an annual payout of $6.00 per share. Deutsche Bank upgraded the stock from Hold to Buy with a $256 target. UBS also upgraded to Buy. Argus raised its target to $251.
Hamburger Containerboard announced a €60 per metric ton price increase for recycled containerboard. Truist Securities noted this favors International Paper and Smurfit Westrock.
