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By the People, for the People
Ameriprise Financial Increases Stake in Packaging Corporation of America
Institutional investor now owns over 2% of industrial products company
Mar. 16, 2026 at 7:23am
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Ameriprise Financial Inc. increased its holdings in Packaging Corporation of America (NYSE:PKG) by 2.9% in the third quarter, according to a filing with the Securities & Exchange Commission. The institutional investor now owns 1,954,605 shares of the industrial products company, representing about 2.17% of PKG's outstanding stock.
Why it matters
Packaging Corporation of America is a major North American manufacturer of containerboard and corrugated packaging products, serving customers across industries like e-commerce, food and beverage, and consumer goods. Ameriprise's increased stake signals confidence in PKG's business and growth prospects.
The details
Ameriprise Financial added 55,784 shares to its existing position in Packaging Corporation of America during the third quarter. The firm now owns nearly 2 million shares, worth approximately $426 million based on PKG's current stock price. Other notable institutional investors in PKG include Schonfeld Strategic Advisors, Creative Planning, and AQR Capital Management.
- Ameriprise Financial increased its PKG holdings in the third quarter of 2026.
The players
Ameriprise Financial Inc.
A diversified financial services firm that provides wealth management, asset management, and insurance solutions to individual and institutional clients.
Packaging Corporation of America
A leading North American manufacturer of containerboard and corrugated packaging products, serving customers across various industries.
The takeaway
Ameriprise's increased stake in Packaging Corporation of America reflects the institutional investor's confidence in the company's growth potential within the packaging industry. As a major player in the containerboard and corrugated products market, PKG's performance is seen as an indicator of broader industry trends.
