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NYSE:PKG

Packaging Co. of America Stock Forecast, Price & News

$154.31
-0.74 (-0.48 %)
(As of 05/14/2021 03:45 PM ET)
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Today's Range
$153.77
$155.61
50-Day Range
$129.89
$154.85
52-Week Range
$86.93
$156.54
Volume5,900 shs
Average Volume613,753 shs
Market Capitalization$14.66 billion
P/E Ratio31.05
Dividend Yield2.64%
Beta1.07
30 days | 90 days | 365 days | Advanced Chart
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Packaging Co. of America logo

About Packaging Co. of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication-based papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

Headlines

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Industry, Sector and Symbol

Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
CUSIP69515610
Phone847-482-3000
Employees15,200
Year Founded1959

Sales & Book Value

Annual Sales$6.96 billion
Cash Flow$12.89 per share
Book Value$32.44 per share

Profitability

Net Income$696.40 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$14.66 billion
Next Earnings Date7/27/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.00 out of 5 stars

Industrial Products Sector

41st out of 396 stocks

Paperboard Containers & Boxes Industry

2nd out of 6 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Packaging Co. of America (NYSE:PKG) Frequently Asked Questions

Is Packaging Co. of America a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Packaging Co. of America stock. 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.
View analyst ratings for Packaging Co. of America
or view top-rated stocks.

What stocks does MarketBeat like better than Packaging Co. of America?

Wall Street analysts have given Packaging Co. of America a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Packaging Co. of America wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Packaging Co. of America's next earnings date?

Packaging Co. of America is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Packaging Co. of America
.

How were Packaging Co. of America's earnings last quarter?

Packaging Co. of America (NYSE:PKG) posted its quarterly earnings data on Sunday, April, 25th. The industrial products company reported $1.77 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.48 by $0.29. The industrial products company earned $1.81 billion during the quarter, compared to analyst estimates of $1.71 billion. Packaging Co. of America had a net margin of 7.11% and a trailing twelve-month return on equity of 18.67%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share.
View Packaging Co. of America's earnings history
.

How has Packaging Co. of America's stock been impacted by Coronavirus (COVID-19)?

Packaging Co. of America's stock was trading at $85.37 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PKG shares have increased by 80.8% and is now trading at $154.37.
View which stocks have been most impacted by COVID-19
.

How often does Packaging Co. of America pay dividends? What is the dividend yield for Packaging Co. of America?

Packaging Co. of America declared a quarterly dividend on Wednesday, May 5th. Stockholders of record on Tuesday, June 15th will be given a dividend of $1.00 per share on Thursday, July 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Monday, June 14th.
View Packaging Co. of America's dividend history
.

Is Packaging Co. of America a good dividend stock?

Packaging Co. of America pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.64%. Packaging Co. of America does not yet have a strock track record of dividend growth. The dividend payout ratio of Packaging Co. of America is 52.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Packaging Co. of America will have a dividend payout ratio of 57.72% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.
View Packaging Co. of America's dividend history.

What price target have analysts set for PKG?

10 equities research analysts have issued 1-year target prices for Packaging Co. of America's shares. Their forecasts range from $105.00 to $160.00. On average, they expect Packaging Co. of America's stock price to reach $136.56 in the next twelve months. This suggests that the stock has a possible downside of 11.5%.
View analysts' price targets for Packaging Co. of America
or view top-rated stocks among Wall Street analysts.

Who are Packaging Co. of America's key executives?

Packaging Co. of America's management team includes the following people:
  • Mr. Mark W. Kowlzan, Chairman & CEO (Age 65, Pay $3.7M)
  • Mr. Robert P. Mundy, Exec. VP & CFO (Age 59, Pay $1.85M)
  • Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 65, Pay $2.7M)
  • Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 61, Pay $1.31M)
  • Mr. Donald Ray Shirley, Sr. VP of Corp. Engineering & Process Technology (Age 49, Pay $1.11M) (LinkedIn Profile)
  • Mr. Bruce A. Ridley, Sr. VP of Environmental Health, Safety & Operational Services (Age 65) (LinkedIn Profile)
  • Ms. Pamela A. Barnes, Sr. VP of Fin., Controller & Principal Accounting Officer (Age 56) (LinkedIn Profile)
  • Mr. Robert Andrew Schneider, Sr. VP & Chief Information Officer (Age 55)
  • Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 50) (LinkedIn Profile)
  • Mr. Thomas W. H. Walton, Sr. VP of Sales & Marketing - Corrugated Products (Age 61)

What is Mark W. Kowlzan's approval rating as Packaging Co. of America's CEO?

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

Who are some of Packaging Co. of America's key competitors?

What other stocks do shareholders of Packaging Co. of America own?

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

What is Packaging Co. of America's stock symbol?

Packaging Co. of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."

Who are Packaging Co. of America's major shareholders?

Packaging Co. of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.63%), JPMorgan Chase & Co. (3.48%), Victory Capital Management Inc. (2.61%), Maj Invest Holding A S (2.42%), Geode Capital Management LLC (1.72%) and Northern Trust Corp (1.25%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Robert Andrew Schneider, Robert C Lyons, Thomas A Hassfurther and Thomas WH Walton.
View institutional ownership trends for Packaging Co. of America
.

Which major investors are selling Packaging Co. of America stock?

PKG stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Maj Invest Holding A S, National Pension Service, Principal Financial Group Inc., Bank of Nova Scotia, Citigroup Inc., Capital Investment Advisors LLC, and Acadian Asset Management LLC. Company insiders that have sold Packaging Co. of America company stock in the last year include Bruce A Ridley, Charles J Carter, Robert Andrew Schneider, Thomas A Hassfurther, and Thomas WH Walton.
View insider buying and selling activity for Packaging Co. of America
or view top insider-selling stocks.

Which major investors are buying Packaging Co. of America stock?

PKG stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., Renaissance Technologies LLC, Barclays PLC, Waddell & Reed Financial Inc., TD Asset Management Inc., Teacher Retirement System of Texas, and APG Asset Management N.V..
View insider buying and selling activity for Packaging Co. of America
or or view top insider-buying stocks.

How do I buy shares of Packaging Co. of America?

Shares of PKG 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.
Compare Top Brokerages Here.

What is Packaging Co. of America's stock price today?

One share of PKG stock can currently be purchased for approximately $154.37.

How much money does Packaging Co. of America make?

Packaging Co. of America has a market capitalization of $14.66 billion and generates $6.96 billion in revenue each year. The industrial products company earns $696.40 million in net income (profit) each year or $7.65 on an earnings per share basis.

How many employees does Packaging Co. of America have?

Packaging Co. of America employs 15,200 workers across the globe.

Does Packaging Co. of America have any subsidiaries?

The following companies are subsidiares of Packaging Co. of America: Acorn Corrugated Box, Boise, Boise White Paper LLC, Colorado Container, Columbus Container, Crockett Packaging, Dixie Container, Field Packaging Group, Hexacomb Canada Corporation, Hexacomb Canada Holdings Corporation, Hexacomb Corporation, International Falls Power Company, Louisiana Timber Procurement Company LLC, Minnesota Dakota & Western Railway Company, PCA Central California Corrugated LLC, PCA Corrugated and Display LLC, PCA Hydro Inc, PCA International Inc., PCA International Services LLC, PCA Texas Acquisition LLC, Packaging Corporation of Asia Limited, Packaging Materials Co, Polywoven Distributors PA LLC, Sacramento Container Corp., Sunbelt Packaging Services, and TimBar Packaging & Display.

When was Packaging Co. of America founded?

Packaging Co. of America was founded in 1959.

What is Packaging Co. of America's official website?

The official website for Packaging Co. of America is www.packagingcorp.com.

Where are Packaging Co. of America's headquarters?

Packaging Co. of America is headquartered at 1 NORTH FIELD COURT, LAKE FOREST IL, 60045.

How can I contact Packaging Co. of America?

Packaging Co. of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The industrial products company can be reached via phone at 847-482-3000.


This page was last updated on 5/14/2021 by MarketBeat.com Staff
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