The Street Is Finally Waking Up To Packaging Corp Of America (NYSE: PKG)

After Hours

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Stocks Info

Packaging Corp Of America is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Packaging & Containers industry. The current market capitalization of Packaging Corp Of America is $20.43B. A total of 0.75 million shares were traded on the day, compared to an average of 536.55K shares.

In the most recent transaction, Carter Charles J. sold 5,389 shares of PKG for 196.28 per share on Jul 25 ’24. After the transaction, the EVP-Mill Ops. now owns 25,539 company shares. In a previous transaction on Jul 25 ’24, Shirley Donald R. sold 6,000 shares at 196.28 per share. PKG shares that SVP owns now total 20,772.

Among the insiders who bought shares, GOWLAND KAREN E acquired of 300 shares on May 15 ’24 at a per-share price of $182.06. This resulted in the Director holding 916 shares of PKG after the transaction. In another insider transaction, Mundy Robert P. sold 10,000 shares at $182.51 per share on Mar 06 ’24. Company shares held by the EVP & CFO now total 46,454.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Packaging Corp Of America pays an annual dividend of $5.00, resulting in a dividend yield of 2.20%, and it has a price to earnings (P/E) ratio of 26.53. PKG’s most recent ex-dividend date was when it declared a $1.25 quarterly dividend that was paid in cash on 9/16/2024. Previously, the company paid the dividend on 9/16/2024 with an ex-dividend date of 9/16/2024. The PKG stock dividend was $1.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PKG has a high of $231.30 and a low of $145.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PKG’s latest balance sheet shows that the firm has $704.80M in Cash & Short Term Investments as of fiscal 2021. There were $2.73B in debt and $884.80M in liabilities at the time. Its Book Value Per Share was $45.95, while its Total Shareholder’s Equity was $3.61B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PKG is Buy with a score of 4.00.

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