Packaging Co. of America Stock Price, News & Analysis (NYSE:PKG)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PKG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PKG, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued twelve-month target prices for Packaging Co. of America's shares. Their PKG share price targets range from $132.00 to $173.00. On average, they expect the company's stock price to reach $151.83 in the next year. This suggests that the stock has a possible downside of 8.1%.
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Packaging Co. of America's stock was trading at $127.91 on January 1st, 2023. Since then, PKG shares have increased by 29.2% and is now trading at $165.29.
View the best growth stocks for 2023 here.

Packaging Co. of America saw a drop in short interest in October. As of October 31st, there was short interest totaling 1,470,000 shares, a drop of 18.8% from the October 15th total of 1,810,000 shares. Based on an average daily volume of 527,700 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.7% of the shares of the stock are short sold.
View Packaging Co. of America's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Packaging Co. of America (NYSE:PKG) announced its quarterly earnings data on Tuesday, October, 24th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The industrial products company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.99 billion. Packaging Co. of America had a trailing twelve-month return on equity of 21.30% and a net margin of 10.04%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 EPS.
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Packaging Co. of America declared a quarterly dividend on Wednesday, September 13th. Investors of record on Monday, September 25th will be paid a dividend of $1.25 per share on Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, September 22nd.
Read our dividend analysis for PKG.

Packaging Co. of America (NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PKG will have a dividend payout ratio of 63.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PKG.

ETFs with the largest weight of Packaging Co. of America (NYSE:PKG) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco MSCI Global Timber ETF (CUT), iShares Emergent Food and AgTech Multisector ETF (IVEG), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), Leatherback Long/Short Alternative Yield ETF (LBAY), American CenturyFocused Large Cap Value ETF (FLV) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

Packaging Co. of America issued an update on its fourth quarter earnings guidance on Tuesday, October, 24th. The company provided earnings per share guidance of $1.76 for the period, compared to the consensus estimate of $1.73.

114 employees have rated Packaging Co. of America Chief Executive Officer Mark W. Kowlzan on Glassdoor.com. Mark W. Kowlzan has an approval rating of 95% among the company's employees. This puts Mark W. Kowlzan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Packaging Co. of America investors own include Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Pfizer (PFE), Boeing (BA), NVIDIA (NVDA) and Bristol-Myers Squibb (BMY).

Packaging Co. of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (3.65%), Victory Capital Management Inc. (3.44%), Charles Schwab Investment Management Inc. (2.44%), Nordea Investment Management AB (1.96%), Maj Invest Holding A S (1.79%) and Invesco Ltd. (1.57%). Insiders that own company stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Kent A Pflederer, Paul T Stecko, Robert Andrew Schneider, Robert P Mundy and Thomas A Hassfurther.
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Shares of PKG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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