Vanguard Boosts Stake in Packaging Corp of America to 12.6%

TL;DR

**Vanguard upped its PCA stake to 12.6%, a bullish sign for the stock!**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing on February 13, 2024, disclosing its ownership in Packaging Corp of America (PCA). As of December 29, 2023, Vanguard beneficially owned 11,685,251 shares of PCA's common stock, representing 12.6% of the company. This is an increase from their previous filing, indicating Vanguard's continued confidence in PCA, which could signal stability for current and potential investors.

Why It Matters

When a large, influential institutional investor like Vanguard increases its stake, it often signals a positive outlook on the company's future performance, potentially reassuring other investors.

Risk Assessment

Risk Level: low — This filing indicates a major institutional investor is increasing its stake, generally seen as a positive and stabilizing factor.

Analyst Insight

A smart investor would view Vanguard's increased stake as a positive signal, potentially indicating a stable, long-term investment opportunity in Packaging Corp of America, and might consider further research into PCA's fundamentals.

Key Numbers

• 11,685,251 — Shares Beneficially Owned (Represents the total common stock shares of Packaging Corp of America held by The Vanguard Group.)
• 12.6% — Percentage of Class (Indicates the significant ownership stake The Vanguard Group holds in Packaging Corp of America.)
• 0 — Sole Voting Power (Shows that The Vanguard Group does not have sole voting power over any shares, indicating a passive investment strategy.)
• 111,685 — Shared Voting Power (Represents the number of shares over which The Vanguard Group shares voting power.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Packaging Corp of America (company) — subject company whose securities are being reported
• 11,685,251 (dollar_amount) — number of shares beneficially owned by Vanguard
• 12.6% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Packaging Corp of America's stock price will remain stable or see a slight increase due to institutional confidence. (Packaging Corp of America) — medium confidence, target: Q2 2024
• Vanguard will maintain its significant stake in PCA, indicating a long-term investment strategy. (The Vanguard Group) — high confidence, target: End of 2024

FAQ

Filing Documents

• tv0107-packagingcorpofameric.htm (SC 13G/A) — 11KB
• 0001104659-24-020099.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Packaging Corp of America

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 North Field Court Lake Forest, IL 60045-4824

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 695156109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR