Packaging Co. of America Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Packaging Co. of America in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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7 equities research analysts have issued 12-month price targets for Packaging Co. of America's stock. Their PKG stock forecasts range from $144.00 to $182.00. On average, they predict Packaging Co. of America's stock price to reach $161.86 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Packaging Co. of America's stock was trading at $136.15 at the start of the year. Since then, PKG stock has increased by 1.8% and is now trading at $138.62.
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Packaging Co. of America saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,840,000 shares, an increase of 43.8% from the May 31st total of 1,280,000 shares. Based on an average daily volume of 631,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.0% of the company's stock are short sold.
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Packaging Co. of America is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
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Packaging Co. of America (NYSE:PKG) posted its quarterly earnings data on Monday, April, 25th. The industrial products company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. The industrial products company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.05 billion. Packaging Co. of America had a net margin of 11.50% and a trailing twelve-month return on equity of 27.11%. The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share.
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Packaging Co. of America declared a quarterly dividend on Wednesday, May 18th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $1.25 per share on Friday, July 15th. This represents a $5.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, June 14th. This is an increase from Packaging Co. of America's previous quarterly dividend of $1.00.
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Packaging Co. of America(NYSE:PKG) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.53%. Packaging Co. of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Packaging Co. of America is 51.12%. 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 40.88% next year. This indicates that Packaging Co. of America will be able to sustain or increase its dividend.
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Packaging Co. of America issued an update on its second quarter earnings guidance on Monday, April, 25th. The company provided EPS guidance of $2.83 for the period, compared to the consensus earnings per share estimate of $2.60.

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.

Some companies that are related to Packaging Co. of America include Eaton (ETN), Emerson Electric (EMR), Atlas Copco (ATLKY), Murata Manufacturing (MRAAY), Cintas (CTAS), Mitsui & Co., Ltd. (MITSY), Johnson Controls International (JCI), Fanuc (FANUY), Parker-Hannifin (PH), Ferguson (FERG), KONE Oyj (KNYJY), ASSA ABLOY AB (publ) (ASAZY), W.W. Grainger (GWW), Rockwell Automation (ROK) and Ball (BALL).
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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), (HON), NVIDIA (NVDA) and Bristol-Myers Squibb (BMY).

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

Packaging Co. of America's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.86%), BlackRock Inc. (8.72%), State Street Corp (4.57%), Bank of America Corp DE (4.50%), Victory Capital Management Inc. (3.76%) and Maj Invest Holding A S (2.36%). Company insiders that own Packaging Co. of America stock include Bruce A Ridley, Charles J Carter, Donald R Shirley, Donna A Harman, Robert Andrew Schneider, Robert C Lyons, Robert P Mundy, Thomas A Hassfurther and Thomas WH Walton.
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PKG stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Nordea Investment Management AB, American Century Companies Inc., Northern Trust Corp, Bank of New York Mellon Corp, TD Asset Management Inc., Hsbc Holdings PLC, and State Street Corp. Company insiders that have sold Packaging Co. of America company stock in the last two years include Bruce A Ridley, Charles J Carter, Donald R Shirley, Robert Andrew Schneider, Robert P Mundy, Thomas A Hassfurther, and Thomas WH Walton.
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PKG stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of America Corp DE, Invesco Ltd., Goldman Sachs Group Inc., BlackRock Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, and Vanguard Group Inc..
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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.
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One share of PKG stock can currently be purchased for approximately $138.62.

Packaging Co. of America (NYSE:PKG) has a market capitalization of $12.99 billion and generates $7.73 billion in revenue each year. The industrial products company earns $841.10 million in net income (profit) each year or $9.78 on an earnings per share basis.

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

Packaging Co. of America was founded in 1959.

Packaging Co. of America's mailing address is 1 NORTH FIELD COURT, LAKE FOREST IL, 60045. The official website for Packaging Co. of America is www.packagingcorp.com. The industrial products company can be reached via phone at (847) 482-3000 or via fax at 847-482-4545.