Packaging Corp Of America (NYSE: PKG) is 39.65% higher on its value in year-to-date trading and has touched a low of $145.02 and a high of $231.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PKG stock was last observed hovering at around $228.65 in the last trading session, with the day’s loss setting it -1.14%.
Currently trading at $227.51, the stock is 4.39% and 7.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.50% at the moment leaves the stock 20.73% off its SMA200. PKG registered 52.76% gain for a year compared to 6-month gain of 32.85%. The firm has a 50-day simple moving average (SMA 50) of $211.1796 and a 200-day simple moving average (SMA200) of $188.4499.
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The stock witnessed a 6.15% loss in the last 1 month and extending the period to 3 months gives it a 14.33%, and is 3.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.41% over the week and 1.33% over the month.
Packaging Corp Of America (PKG) has around 14900 employees, a market worth around $20.43B and $8.18B in sales. Current P/E ratio is 26.53 and Fwd P/E is 20.17. Profit margin for the company is 9.39%. Distance from 52-week low is 56.88% and -1.64% from its 52-week high. The company has generated returns on investments over the last 12 months (11.28%).
The EPS is expected to grow by 4.52% this year
1101.0 institutions hold shares in Packaging Corp Of America (PKG), with institutional investors hold 94.82% of the company’s shares. The shares outstanding are 89.62M, and float is at 88.23M with Short Float at 1.67%. Institutions hold 93.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.22 million shares valued at $2.05 billion. The investor’s holdings represent 12.531 of the PKG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.92 million shares valued at $1.45 billion to account for 8.8423 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.83 million shares representing 4.2708 and valued at over $703.1 million, while JPMORGAN CHASE & CO holds 3.6961 of the shares totaling 3.31 million with a market value of $604.4 million.
Packaging Corp Of America (PKG) Insider Activity
The most recent transaction is an insider sale by Carter Charles J., the company’s EVP-Mill Ops. SEC filings show that Carter Charles J. sold 5,389 shares of the company’s common stock on Jul 25 ’24 at a price of $196.28 per share for a total of $1.06 million. Following the sale, the insider now owns 25539.0 shares.
Packaging Corp Of America disclosed in a document filed with the SEC on Jul 25 ’24 that Shirley Donald R. (SVP) sold a total of 6,000 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $196.28 per share for $1.18 million. Following the transaction, the insider now directly holds 20772.0 shares of the PKG stock.
Still, SEC filings show that on May 15 ’24, GOWLAND KAREN E (Director) acquired 300 shares at an average price of $182.06 for $54618.0. The insider now directly holds 916 shares of Packaging Corp Of America (PKG).
