Packaging Corp Of America (NYSE: PKG) is 12.35% higher on its value in year-to-date trading and has touched a low of $172.71 and a high of $250.82 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 $201.94 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $202.29, the stock is 5.19% and 6.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing 0.17% at the moment leaves the stock -4.34% off its SMA200. PKG registered -10.15% loss for a year compared to 6-month loss of -10.08%. The firm has a 50-day simple moving average (SMA 50) of $190.19 and a 200-day simple moving average (SMA200) of $211.46326.
The stock witnessed a 4.23% gain in the last 1 month and extending the period to 3 months gives it a 0.46%, and is 7.80% 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 2.66% over the week and 1.87% over the month.
Packaging Corp Of America (PKG) has around 15400 employees, a market worth around $18.20B and $8.54B in sales. Current P/E ratio is 21.18 and Fwd P/E is 18.39. Profit margin for the company is 10.02%. Distance from 52-week low is 17.12% and -19.35% from its 52-week high. The company has generated returns on investments over the last 12 months (11.86%).
The EPS is expected to grow by 13.16% this year
1199.0 institutions hold shares in Packaging Corp Of America (PKG), with institutional investors hold 93.94% of the company’s shares. The shares outstanding are 89.93M, and float is at 88.03M with Short Float at 2.24%. Institutions hold 92.57% 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 Vaughn Joseph, the company’s SVP. SEC filings show that Vaughn Joseph sold 2,300 shares of the company’s common stock on Dec 03 ’24 at a price of $244.89 per share for a total of $0.56 million. Following the sale, the insider now owns 9197.0 shares.
Still, SEC filings show that on Nov 21 ’24, STECKO PAUL T (Director) disposed off 10,500 shares at an average price of $244.91 for $2.57 million. The insider now directly holds 8,881 shares of Packaging Corp Of America (PKG).
