Packaging Corp Of America (NYSE: PKG): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PKG belongs to the Consumer Cyclical sector of the NYSE while operating in the Packaging & Containers industry. The current market capitalization of Packaging Corp Of America is $20.75B. A total of 0.81 million shares were traded on the day, compared to an average of 534.64K 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Packaging Corp Of America pays an annual dividend of $5.00, resulting in a dividend yield of 2.17%, and it has a price to earnings (P/E) ratio of 26.82. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PKG has a high of $232.98 and a low of $148.50.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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