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About Packaging Corp Of America (NYSE:PKG)
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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. It also produces 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. Its Paper segment manufactures and sells white papers comprising commodity and specialty papers with various features, such as colors, coatings, high brightness, and recycled content. The white papers also consist of communication papers, including cut-size office papers, and printing and converting papers; and pressure sensitive papers, such as release liners that are used to produce labels for use in consumer and commercially-packaged products. This segment sells white papers through the company's own sales personnel. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Industry, Sector and Symbol
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
SymbolNYSE:PKG
CUSIP69515610
Phone847-482-3000
Debt
Debt-to-Equity Ratio1.10
Current Ratio2.72
Quick Ratio1.58
Price-To-Earnings
Trailing P/E Ratio19.91
Forward P/E Ratio15.10
P/E Growth1.84
Sales & Book Value
Annual Sales$6.44 billion
Price / Sales1.75
Cash Flow$10.1156 per share
Price / Cash11.85
Book Value$24.10 per share
Price / Book4.97
Profitability
EPS (Most Recent Fiscal Year)$6.02
Net Income$668.60 million
Net Margins10.48%
Return on Equity28.10%
Return on Assets9.80%
Miscellaneous
Employees14,600
Outstanding Shares94,350,000
Packaging Corp Of America (NYSE:PKG) Frequently Asked Questions
What is Packaging Corp Of America's stock symbol?
Packaging Corp Of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKG."
How often does Packaging Corp Of America pay dividends? What is the dividend yield for Packaging Corp Of America?
Packaging Corp Of America declared a quarterly dividend on Tuesday, May 15th. Shareholders of record on Friday, June 15th will be given a dividend of $0.79 per share on Friday, July 13th. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from Packaging Corp Of America's previous quarterly dividend of $0.63. View Packaging Corp Of America's Dividend History.
How were Packaging Corp Of America's earnings last quarter?
Packaging Corp Of America (NYSE:PKG) posted its quarterly earnings data on Tuesday, April, 24th. The industrial products company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The industrial products company had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.64 billion. Packaging Corp Of America had a return on equity of 28.10% and a net margin of 10.48%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $1.27 earnings per share. View Packaging Corp Of America's Earnings History.
When is Packaging Corp Of America's next earnings date?
What guidance has Packaging Corp Of America issued on next quarter's earnings?
Packaging Corp Of America issued an update on its second quarter earnings guidance on Tuesday, April, 24th. The company provided earnings per share guidance of approx $1.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.88.
What price target have analysts set for PKG?
12 analysts have issued 1-year price targets for Packaging Corp Of America's shares. Their predictions range from $111.00 to $150.00. On average, they anticipate Packaging Corp Of America's share price to reach $128.6364 in the next year. View Analyst Ratings for Packaging Corp Of America.
What are Wall Street analysts saying about Packaging Corp Of America stock?
Here are some recent quotes from research analysts about Packaging Corp Of America stock:
- 1. According to Zacks Investment Research, "Packaging Corporation expects first-quarter 2018 earnings will be $1.52 per share, which includes the benefit from the U.S. tax reform. The company expects that demand in Packaging segment to remain strong in the first quarter. In the Paper segment, the company has started implementing price increases that will aid margin performance. Further, it will gain from improved activities in the Wallula and DeRidder mills. Moreover, the Sacramento Container acquisition will drive growth. Its estimates have been going up over the past 90 days. The company recorded mostly positive earnings surprises in recent quarters. The stock has also outperformed the industry it belongs to over the past year. However, Packaging Corporation's results will be impacted by lower containerboard volumes, elevated costs and adverse weather condition." (3/27/2018)
- 2. KeyCorp analysts commented, "We are reducing our 2018 and 2019 EBITDA estimates following the Company’s 1Q18 guidance, but increasing our EPS estimates to reflect tax benefits." (2/2/2018)
Who are some of Packaging Corp Of America's key competitors?
Some companies that are related to Packaging Corp Of America include Fanuc (FANUY), ATLAS COPCO AB/S (ATLKY), Eaton (ETN), Johnson Controls International (JCI), Mitsui & Co Ltd (MITSY), Komatsu (KMTUY), MURATA Mfg Co L/ADR (MRAAY), Roper Technologies (ROP), Parker-Hannifin (PH), ASSA ABLOY AB/S (ASAZY), SANDVIK AB/ADR (SDVKY), Stanley Black & Decker (SWK), Tenaris (TS), Rockwell Automation (ROK) and Ingersoll-Rand (IR).
Who are Packaging Corp Of America's key executives?
Packaging Corp Of America's management team includes the folowing people:
- Mr. Mark W. Kowlzan, Chairman & CEO (Age 62)
- Mr. Robert P. Mundy, Sr. VP & CFO (Age 56)
- Mr. Kent A. Pflederer, Sr. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Thomas A. Hassfurther, Exec. VP of Corrugated Products (Age 62)
- Mr. Charles J. Carter, Sr. VP of Containerboard Mill Operations (Age 58)
Has Packaging Corp Of America been receiving favorable news coverage?
News stories about PKG stock have been trending positive recently, according to Accern. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Packaging Corp Of America earned a media sentiment score of 0.31 on Accern's scale. They also assigned media stories about the industrial products company an impact score of 46.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Packaging Corp Of America's major shareholders?
Packaging Corp Of America's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.13%), Wells Fargo & Company MN (2.10%), Victory Capital Management Inc. (1.67%), Santa Barbara Asset Management LLC (1.55%), Iridian Asset Management LLC CT (1.41%) and LSV Asset Management (1.33%). Company insiders that own Packaging Corp Of America stock include Charles J Carter, Jason Wayne Moreau, Kelly Abbott, Kent A Pflederer, Thomas A Hassfurther and Thomas WH Walton. View Institutional Ownership Trends for Packaging Corp Of America.
Which institutional investors are selling Packaging Corp Of America stock?
PKG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Select Equity Group L.P., LSV Asset Management, Wells Fargo & Company MN, Schroder Investment Management Group, Lord Abbett & CO. LLC, Iridian Asset Management LLC CT and Russell Investments Group Ltd.. Company insiders that have sold Packaging Corp Of America company stock in the last year include Charles J Carter, Jason Wayne Moreau, Thomas A Hassfurther and Thomas WH Walton. View Insider Buying and Selling for Packaging Corp Of America.
Which institutional investors are buying Packaging Corp Of America stock?
PKG stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Victory Capital Management Inc., Neuberger Berman Group LLC, Point72 Asset Management L.P., Schwab Charles Investment Management Inc., Stevens Capital Management LP, Chilton Investment Co. LLC and DekaBank Deutsche Girozentrale. Company insiders that have bought Packaging Corp Of America stock in the last two years include Jason Wayne Moreau and Kelly Abbott. View Insider Buying and Selling for Packaging Corp Of America.
How do I buy shares of Packaging Corp 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Packaging Corp Of America's stock price today?
One share of PKG stock can currently be purchased for approximately $119.87.
How big of a company is Packaging Corp Of America?
Packaging Corp Of America has a market capitalization of $11.50 billion and generates $6.44 billion in revenue each year. The industrial products company earns $668.60 million in net income (profit) each year or $6.02 on an earnings per share basis. Packaging Corp Of America employs 14,600 workers across the globe.
How can I contact Packaging Corp Of America?
Packaging Corp Of America's mailing address is 1955 WEST FIELD COURT, LAKE FOREST IL, 60045. The industrial products company can be reached via phone at 847-482-3000.
MarketBeat Community Rating for Packaging Corp Of America (PKG)
MarketBeat's community ratings are surveys of what our community members think about Packaging Corp Of America and other stocks. Vote "Outperform" if you believe PKG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PKG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Packaging Corp Of America (NYSE:PKG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Packaging Corp Of America in the last 12 months. Their average twelve-month price target is $128.6364, suggesting that the stock has a possible upside of 7.31%. The high price target for PKG is $150.00 and the low price target for PKG is $111.00. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.50 | 2.50 | 2.42 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $128.6364 | $128.6364 | $127.6364 | $115.90 |
| Price Target Upside: | 7.31% upside | 9.10% upside | 9.94% upside | 0.88% downside |
Packaging Corp Of America (NYSE:PKG) Consensus Price Target History
Packaging Corp Of America (NYSE:PKG) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Packaging Corp Of America (NYSE:PKG) Dividend Information
Packaging Corp Of America pays an annual dividend of $2.52 per share, with a dividend yield of 2.10%. PKG's next quarterly dividend payment will be made on Friday, July 13. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 16.30% each year. Packaging Corp Of America pays out 41.86% of its earnings out as a dividend.
| Next Dividend: | 7/13/2018 |
| Annual Dividend: | $2.52 |
| Dividend Yield: | 2.10% |
| Dividend Growth: | 16.30% (3 Year Average) |
| Payout Ratio(s): | 41.86% (Trailing 12 Months of Earnings)
31.74% (Based on This Year's Estimates)
28.03% (Based on Next Year's Estimates)
24.91% (Based on Cash Flow)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Packaging Corp Of America (NYSE:PKG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/15/2018 | quarterly | $0.79 | 2.75% | 6/14/2018 | 6/15/2018 | 7/13/2018 |
| 2/27/2018 | quarterly | $0.63 | 2.09615704541674% | 3/14/2018 | 3/15/2018 | 4/13/2018 |
| 12/14/2017 | quarterly | $0.63 | 2.19% | 12/22/2017 | 12/26/2017 | 1/12/2018 |
| 8/25/2017 | quarterly | $0.63 | 2.31% | 9/14/2017 | 9/15/2017 | 10/13/2017 |
| 5/17/2017 | quarterly | $0.63 | 2.54% | 6/13/2017 | 6/15/2017 | 7/14/2017 |
| 3/1/2017 | quarterly | $0.63 | 2.7% | 3/13/2017 | 3/15/2017 | 4/14/2017 |
| 12/14/2016 | quarterly | $0.63 | 2.92% | 12/21/2016 | 12/23/2016 | 1/13/2017 |
| 8/31/2016 | quarterly | $0.63 | | 9/13/2016 | 9/15/2016 | 10/14/2016 |
| 5/18/2016 | quarterly | $0.55 | | 6/13/2016 | 6/15/2016 | 7/15/2016 |
| 2/25/2016 | quarterly | $0.55 | | 3/11/2016 | 3/15/2016 | 4/15/2016 |
| 12/15/2015 | quarterly | $0.55 | | 12/23/2015 | 12/28/2015 | 1/15/2016 |
| 8/31/2015 | quarterly | $0.55 | | 9/11/2015 | 9/15/2015 | 10/15/2015 |
| 5/13/2015 | quarterly | $0.55 | 3.11% | 6/11/2015 | 6/15/2015 | 7/15/2015 |
| 2/26/2015 | quarterly | $0.55 | 2.66% | 3/11/2015 | 3/13/2015 | 4/15/2015 |
| 12/9/2014 | quarterly | $0.40 | 2.1% | 12/17/2014 | 12/19/2014 | 1/15/2015 |
| 8/28/2014 | quarterly | $0.40 | 2.35% | 9/11/2014 | 9/15/2014 | 10/15/2014 |
| 5/14/2014 | quarterly | $0.40 | 2.4% | 6/11/2014 | 6/13/2014 | 7/15/2014 |
| 2/27/2014 | quarterly | $0.40 | 2.2% | 3/12/2014 | 3/14/2014 | 4/15/2014 |
| 12/12/2013 | quarterly | $0.40 | 2.6% | 12/19/2013 | 12/23/2013 | 1/15/2014 |
| 8/28/2013 | quarterly | $0.40 | 2.99% | 9/11/2013 | 9/13/2013 | 10/15/2013 |
| 5/1/2013 | quarterly | $0.3125 | 2.67% | 6/12/2013 | 6/14/2013 | 7/15/2013 |
| 1/15/2013 | quarterly | $0.3125 | 3.19% | 3/13/2013 | 3/15/2013 | 4/15/2013 |
| 12/9/2012 | quarterly | $0.25 | 2.76% | 12/13/2012 | 12/17/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
Packaging Corp Of America (NYSE PKG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 86.74%
Packaging Corp Of America (NYSE PKG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/27/2017 | Jason Wayne Moreau | Director | Sell | 10,000 | $0.20 | $2,000.00 | | |
| 11/23/2017 | Jason Wayne Moreau | Director | Sell | 20,000 | $0.16 | $3,200.00 | | |
| 11/14/2017 | Jason Wayne Moreau | Director | Sell | 25,000 | $0.10 | $2,500.00 | | |
| 11/2/2017 | Thomas W.H. Walton | SVP | Sell | 6,027 | $116.15 | $700,036.05 | 32,690 |  |
| 10/27/2017 | Charles J Carter | SVP | Sell | 6,150 | $117.04 | $719,796.00 | 24,265 | |
| 9/18/2017 | Jason Wayne Moreau | Director | Buy | 43,000 | $0.05 | $2,150.00 | | |
| 9/14/2017 | Jason Wayne Moreau | Director | Buy | 1,326,000 | $0.06 | $79,560.00 | | |
| 9/12/2017 | Thomas A Hassfurther | VP | Sell | 6,000 | $117.94 | $707,640.00 | 155,071 | |
| 7/19/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.09 | $90.00 | | |
| 7/17/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.09 | $90.00 | | |
| 7/12/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.09 | $90.00 | | |
| 7/11/2017 | Jason Wayne Moreau | Director | Buy | 57,000 | $0.05 | $2,850.00 | | |
| 7/11/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.09 | $90.00 | | |
| 6/20/2017 | Kelly Abbott | Insider | Buy | 2,000 | $0.10 | $200.00 | | |
| 6/15/2017 | Kelly Abbott | Insider | Buy | 2,500 | $0.12 | $300.00 | | |
| 6/6/2017 | Kelly Abbott | Insider | Buy | 2,500 | $0.15 | $375.00 | | |
| 5/25/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.12 | $120.00 | | |
| 4/27/2017 | Kelly Abbott | Insider | Buy | 600 | $0.20 | $120.00 | | |
| 4/24/2017 | Kelly Abbott | Insider | Buy | 1,000 | $0.17 | $170.00 | | |
| 4/21/2017 | Kelly Abbott | Insider | Buy | 3,250 | $0.15 | $487.50 | | |
| 4/10/2017 | Jason Wayne Moreau | Director | Buy | 2,000 | $0.20 | $400.00 | | |
| 3/31/2017 | Jason Wayne Moreau | Director | Buy | 1,500 | $0.17 | $255.00 | | |
| 3/21/2017 | Jason Wayne Moreau | Director | Buy | 2,500 | $0.18 | $450.00 | | |
| 3/15/2017 | Jason Wayne Moreau | Director | Buy | 2,000 | $0.20 | $400.00 | | |
| 3/9/2017 | Jason Wayne Moreau | Director | Buy | 2,500 | $0.21 | $525.00 | | |
| 7/22/2016 | Kent A Pflederer | SVP | Sell | 1,100 | $74.30 | $81,730.00 | 34,623 | |
| 4/22/2016 | Charles J Carter | SVP | Sell | 6,463 | $65.63 | $424,166.69 | 20,918 | |
| 3/9/2016 | Thomas P Maurer | Director | Buy | 2,000 | $53.47 | $106,940.00 | 3,175 | |
| 11/19/2015 | Mark W Kowlzan | CEO | Sell | 5,000 | $66.00 | $330,000.00 | 305,591 | |
| 11/13/2015 | Thomas A Hassfurther | VP | Sell | 4,668 | $65.32 | $304,913.76 | 143,948 | |
| 8/26/2015 | James D Woodrum | Director | Buy | 1,000 | $62.60 | $62,600.00 | 4,813 | |
| 8/18/2015 | Mark W Kowlzan | CEO | Sell | 20,000 | $73.02 | $1,460,400.00 | 310,591 | |
| 7/23/2015 | Richard B West | CFO | Sell | 30,600 | $70.39 | $2,153,934.00 | | |
| 2/20/2015 | Thomas A Hassfurther | VP | Sell | 12,388 | $82.59 | $1,023,124.92 | | |
| 11/26/2014 | Thomas A Hassfurther | VP | Sell | 12,500 | $73.53 | $919,125.00 | | |
| 11/10/2014 | Thomas A Hassfurther | VP | Sell | 7,000 | $72.76 | $509,320.00 | | |
| 9/11/2014 | Thomas A Hassfurther | VP | Sell | 3,600 | $69.84 | $251,424.00 | | |
| 8/26/2014 | Thomas W.H. Walton | SVP | Sell | 10,144 | $66.94 | $679,039.36 | | |
| 7/23/2014 | Kent A Pflederer | SVP | Sell | 2,750 | $66.51 | $182,902.50 | | |
| 7/23/2014 | Richard B West | CFO | Sell | 34,000 | $66.11 | $2,247,740.00 | | |
| 3/3/2014 | Thomas Souleles | Director | Buy | 6,000 | $72.73 | $436,380.00 | 10,000 | |
| 2/21/2014 | Mark Kowlzan | CEO | Sell | 24,000 | $72.42 | $1,738,080.00 | 372,590 | |
| 2/18/2014 | Paul Stecko | Director | Sell | 74,000 | $72.42 | $5,359,080.00 | 101,820 | |
| 2/18/2014 | Thomas Hassfurther | VP | Sell | 20,500 | $72.48 | $1,485,840.00 | 244,622 | |
| 7/24/2013 | Thomas A Hassfurther | VP | Sell | 14,560 | $53.13 | $773,572.80 | | |
| 7/18/2013 | Mark W Kowlzan | CEO | Sell | 85,000 | $52.10 | $4,428,500.00 | | |
| 7/18/2013 | Richard B West | CFO | Sell | 40,500 | $52.06 | $2,108,430.00 | | |
| 7/18/2013 | Thomas W.H. Walton | SVP | Sell | 13,907 | $52.24 | $726,501.68 | | |
(Data available from 1/1/2013 forward)
Packaging Corp Of America (NYSE PKG) News Headlines
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Packaging Corp Of America (NYSE:PKG) SEC Filings
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Packaging Corp Of America (NYSE:PKG) Income Statement, Balance Sheet and Cash Flow Statement
Packaging Corp Of America (NYSE PKG) Stock Chart for Sunday, May, 27, 2018
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