PKG - Packaging Corporation of America
| Previous Close | 98.52 |
| Open | 98.73 |
| Bid | 97.55 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 98.30 - 99.39 |
| 52 Week Range | 77.90 - 124.70 |
| Volume | 789,544 |
| Avg. Volume | 926,170 |
| Market Cap | 9.264B |
| Beta (3Y Monthly) | 1.39 |
| PE Ratio (TTM) | 12.67 |
| EPS (TTM) | 7.80 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | 3.16 (3.18%) |
| Ex-Dividend Date | 2019-03-14 |
| 1y Target Est | 107.27 |
- Associated Press•13 hours ago
Packaging Corp.: 1Q Earnings Snapshot
On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $1.97. Earnings, adjusted for non-recurring costs, came to $1.98 per share. The results exceeded Wall Street expectations. ...
- Business Wire•13 hours ago
Packaging Corporation of America Reports First Quarter 2019 Results
Packaging Corporation of America today reported first quarter 2019 net income of $187 million, or $1.97 per share and $1.98 per share excluding special items. First quarter net sales were $1.73 billion in 2019 and $1.69 billion in 2018.
- InvestorPlace•15 hours ago
7 Consumer Stocks to Buy for Income
[Editor's note: This story was previously published in January 2019 It has since been updated and republished.]Is economic growth about to hit a wall and lead us into a period of lackluster results? If that's your concern, you're not alone. This growth cycle and its corresponding bull market are, at 10 years of age, getting a bit long in the tooth.In an environment where trade wars and the fears of an old-fashioned recession have the potential to turn into trouble, investors tend to reprioritize what the market will reward. Safe consumer stocks move into favor, often at the expense of growth names. Dividend stocks become particularly compelling prospects, with traders seeking out the certainty of reliable cash flow when growth is anything but guaranteed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality To that end, here's a rundown of 10 of the market's top dividend-paying consumer stocks to mull as we wade deeper into murky waters. Procter & Gamble (PG)Source: Mike Mozart via Flickr (Modified)Some investors mentally wrote Procter & Gamble (NYSE:PG) off years ago, pegging it as a has-been that got too big for its own good and is too stuck in its old ways to compete well in the modern market.And to be fair, in some regards the criticisms were on target. Since CEO David Taylor took the helm in 2015, however, things have been different. P&G has been shedding brands and lines that simply aren't going to bear fruit, and though too slowly for some, the company has reworked its marketing approach to better reflect how most consumers now make purchasing decisions.Although there's more work to be done, the yield of 2.9% is solid, and Procter & Gamble has upped its payout for 63 consecutive years. Philip Morris (PM)Source: Shutterstock Last year was a rough one for Philip Morris (NYSE:PM) investors. The stock lost a total of 37% in 2018, mostly in response to tepid sales growth of its relatively new IQOS product, though downgrades all throughout the year certainly played a role in the pullback.The sellers arguably overshot their target though. * The 10 Best Index Funds to Buy and Hold While the global smoking cessation movement continues to gain traction and Philip Morris hasn't been the player it needs to be in the vaping market, this company still owns one of the most recognized and respected brand names in the business. Sales and earnings are projected to improve 5.6% and 10.2%, respectively, next year -- pretty good for the smoking industry -- and better still, the dividend yield is an impressive 5.4%. Its payout has grown every year since 2008. Spectrum Brands Holdings (SPB)Source: Shutterstock Spectrum Brands Holdings (NYSE:SPB) likely won't ring a bell with consumers, but the company's brand names will. This is the parent to Remington shaving products, George Foreman grills, Armor All automobile protectant, Tetra fish food and Kwikset door locks, just to name a few.It was a particularly poor performer in 2018, largely driven lower by downgrades and some restructuring that made it tough to get a bead on the company's future. But Bank of America's Olivia Tong made a good point with her upgrade of Spectrum, explaining "SPB's results have been challenged of late, however, headwinds are abating, while the recent sales of SPB Auto Care and Battery provide much better visibility on de-levering the balance sheet."With the sentiment pendulum swinging in the other direction again, the dividend yield of 2.7% looks like an opportunity. Packaging Corp of America (PKG)Source: Shutterstock When most investors look for consumer stocks to buy, they tend to focus on the manufacturer and brand name and look past the organizations that make those products marketable.Big mistake. That oversight steers investors right past Packaging Corp of America (NYSE:PKG), which makes the boxes and retail displays most shoppers don't give a second thought about. * 10 Monster Growth Stocks to Buy for 2019 and Beyond The big selling feature isn't the current yield of 3.2%, however, and the fact that the payout hasn't failed to grow at least a little every year going back to 2010. It's the fact that newcomers can step into PKG stock so cheaply. Shares are only trading at 12.7 times their past and 12.3 times forward-looking earnings. Tyson Foods (TSN)Source: Shutterstock Tyson Foods (NYSE:TSN) has been putting food on tables since 1931, and although it's much more than just chicken now, its chicken roots are still highly evident.The past year has been a tough one for shareholders, with fears stemming from a tariff war and rising freight costs pulling the stock well off its December 2017 high near $84. Although it has bounced back from December's low, the current price near $73 is still well short of there.A closer look at Tyson's results, however, suggests the only thing to fear was the impact of the rhetoric. Sales were up the typical 3% last year, and although earnings slipped from 2017's $6.16 per share to what will likely be $5.93 per share for 2018, analysts are looking for an earnings rebound to $6.20 per share in 2019. The pullback, in the meantime, has beefed up the yield to a respectable 2%. Hanesbrands (HBI)Source: Shubert Ciencia Via FlickrHanesbrands (NYSE:HBI) shares have been a terrible performers since early 2015, peeling back from a peak of around $35 in the middle of that year to a low of less than $12 in December of last year. Nothing the company has done has quelled the stock's bleeding.Don't jump to the wrong conclusion though. Sales have grown rather steadily since 2014, as has operating income. It has not been red-hot growth, nor hyper-consistent but certainly better than the stock's long-term trend suggests. * 3 Blue-Chip Stocks That Will Power Through Market Turmoil Regardless of the past, the present and future look healthy enough. HBI shares are only trading at 12.5 times this year's projected profit, and the trailing yield is 3.2%. This well-recognized brand name has too much going for it to ignore at that kind of valuation. Kimberly Clark (KMB)Source: Shutterstock Finally, Kimberly Clark (NYSE:KMB) is surrounded by more than a little bit of doubt. The company has seen a number of upgrades in the past few months, but as a group, analysts consider KMB a "hold" and the consensus target price near $110 is below the stock's current value near $125.Yet, to long-term income-minded investors, that earnings news will have little impact on how well KMB shares will serve them. The current yield of 3.3% is more than respectable, and sales of toilet paper, diapers and paper towels are consistent enough to maintain the company's streak of 46 years' worth of annual dividend increases.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Growth Stocks for the Return of the Bull * The 10 Best Index Funds to Buy and Hold * 10 Lithium Stocks to Buy Despite the Market's Irrationality Compare Brokers The post 7 Consumer Stocks to Buy for Income appeared first on InvestorPlace.
- Zacks•8 days ago
Packaging Corp. (PKG) Reports Next Week: Wall Street Expects Earnings Growth
Packaging Corp. (PKG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.•10 days ago
Is Packaging Corporation of America's (NYSE:PKG) Balance Sheet A Threat To Its Future?
There are a number of reasons that attract investors towards large-cap companies such as Packaging Corporation of America (NYSE:PKG), with a market cap of US$9.7b. Market participants who are conscious of risk tend to search for la...
- PR Newswire•13 days ago
ParcelPal to Issue Shares for Debt
VANCOUVER, British Columbia , April 12, 2019 /PRNewswire/ -- ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG: CSE) (FSE: PT0) (OTC: PTNYF) - announces that it has arranged ...
- PR Newswire•14 days ago
ParcelPal to Launch Cannabis Delivery on April 15th
VANCOUVER, British Columbia, April 11, 2019 /PRNewswire/ -- ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG.CN) (PKG.CN) (PT0.BE) (PTNYF) – is pleased to announce cannabis deliveries with Kiaro will commence April 15th, in the province of Saskatchewan. Further to the announcement on March 14th, ParcelPal and Kiaro's partnership goes live on April 15th in Saskatoon, Saskatchewan.
- Insider Monkey•15 days ago
Were Hedge Funds Right About Flocking Into Packaging Corporation Of America (PKG) ?
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
- GuruFocus.com•16 days ago
Maj Invest Holding A Buys Kohl's Corp, Packaging Corp of America, Sells AT&T Inc
Investment company Maj Invest Holding A buys Kohl's Corp, Packaging Corp of America, sells AT&T Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Maj ...
- Markit•23 days ago
See what the IHS Markit Score report has to say about Packaging Corp of America.
Packaging Corp of America NYSE:PKGView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PKG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PKG. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PKG are favorable, with net inflows of $13.56 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PKG credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- InvestorPlace•24 days ago
3 Big Stock Charts for Monday: L Brands, Progressive and Packaging Corp. of America
Following through on Thursday's recovery effort, the S&P 500 rallied another 0.67% on Friday to end the week at 2834.40. It wasn't back into record territory. The advance doesn't even bring the market decidedly back from the brink of a more serious setback. It's a step in that direction though.Newly minted Lyft (NASDAQ:LYFT) shares were up big in their trading debut, gaining nearly 9% on their first days investors flocked to the ride-hailing stock. Canada's smartphone (and related tech) outfit BlackBerry (NYSE:BB) was an even bigger winner though, up 13.6% following a solid earnings beat and a better-than-expected revenue outlook driven by new technologies.They weren't all winners though. AstraZeneca (NYSE:AZN) fell nearly 6% on what was a relatively unpopular $6.9 billion bid for Japanese drugmaker Daiichi Sankyo.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those names are great prospects as the new trading week gets going though. Rather, the stock charts of Packaging Corp. of America (NYSE:PKG), L Brands (NYSE:LB) and Progressive (NYSE:PGR) are worth a closer look. Here's why, and what to look for next. Progressive (PGR)Shares of insurance company Progressive aren't exactly in dire straits yet. Although they've not gained any real ground since late February, they've not lost ground either. * 10 Tech Stocks That Transformed Their Business Nevertheless, we've seen more poor closes than not from PGR over the course of the past few weeks, when the broad market was logging more bullish sessions than bearish ones. Overbought and within striking distance of a major technical floor, Progressive shares are just one bad day away from slipping into more serious trouble. Click to Enlarge • The floor to watch is $71.60, plotted in yellow on the daily chart. That has been the big low for the past month, but Friday's high volume selloff suggests the bears are going to give it the biggest test yet this week.• On both stock charts, it's clear there's something about the ceiling around $73.60. Shares peaked there last month as well as in November.• It's subtle, but very telling all the same. That is, the weekly chart's RSI oscillator rolled over last month without even being able to break back above the 70 overbought threshold. It's a hint that the bulls never had much "umph" to begin with. L Brands (LB)It's only a name to put on your radar for the time being. In fact, L Brands stock lost ground on Thursday and Friday, when the rest of the market was making forward progress. However, with almost three months of consolidation spinning up a potential thrust out of a converging wedge pattern, the potential upside here is just too big to ignore. Click to Enlarge• The make-or-break line is $28.75, plotted with a yellow dashed line on the daily chart. The gray 100-day moving average line may also serve as resistance. If both are cleared though, the buying floodgates could open.• Yes, we've seen both of those lines hurdled before, to no avail. In this instance though, the pace of the move out of the sideways range is slow and sustainable. Prior efforts have been too volatile to persist. The weekly chart really illustrates that idea, with very shallow buy signals from the MACD and Chaikin lines.• While the potential upside is significant, this is a setup that will only be tradeworthy if L Brands shares can actually move to $28.80 or better. Packaging Corp. of America (PKG)Finally, Packaging Corp. of America shares aren't over their key hump just yet, but they continue to swing at it, with each effort being a little better grounded and founded than the last. One more good day could get PKG over that technical hurdle and unleash a major wave of buying. Click to Enlarge• The line in the sand is $101.20, plotted in red on both stock charts. Shares peaked there three times since late November.• The $101.20 area is also where the pivotal 200-day moving average line, plotted in white, will be this week.• Though we've failed tests at $101.20 before, this time is different. This time, Packaging Corp. of America stock is pushing up and off support at the gray 100-day moving average line. That pushoff is highlighted on the daily chart.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post 3 Big Stock Charts for Monday: L Brands, Progressive and Packaging Corp. of America appeared first on InvestorPlace.
- Simply Wall St.•25 days ago
Is Packaging Corporation of America's (NYSE:PKG) ROE Of 28% Impressive?
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work thro...
- Investopedia•29 days ago
Buying Interest Enters Packaging Stocks
Packaging stocks saw buying across leading industry players on Tuesday. These three ideas may help traders think outside the box.
- GlobeNewswire•29 days ago
Detailed Research: Economic Perspectives on TIER REIT, MyoKardia, Radian Group, Packaging Corporation of America, Air Products and Chemicals, and ProAssurance — What Drives Growth in Today's Competitive Landscape
NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- Business Wire•last month
Packaging Corporation of America Schedules Conference Call to Discuss First Quarter 2019 Operating Results
Packaging Corporation of America will hold a conference call on Thursday, April 25, 2019 at 9:00 a.m. Eastern Time to discuss first quarter 2019 results. The first quarter earnings results will be released after the market closes on Wednesday, April 24, 2019.
- PR Newswire•last month
ParcelPal Achieves Milestone of Two Million Deliveries
VANCOUVER, British Columbia, March 21, 2019 /PRNewswire/ -- ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (PKG.CN) (PT0.BE) (PTNYF) – is pleased to announce that the company has achieved a major milestone of completing more than 2 million deliveries. This significant achievement shows the growth and further validation that ParcelPal is well on their way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States. ParcelPal's go forward plan includes continuing to expand their technology, complete more symbiotic join ventures and to push the platform on multiple consumer verticals, while rapidly expanding their service across Canada and the United States. Additionally, the Company is in the final stages of launching medical and recreational cannabis delivery with Choom and Kiaro.
- Simply Wall St.•last month
Did You Miss Packaging of America’s (NYSE:PKG) 68% Share Price Gain?
By buying an index fund, you can roughly match the market return with ease. But if you buy good businesses at attractive prices, your portfolio returns could exceed the averageRead More...
- PR Newswire•last month
ParcelPal Signs Cannabis Distribution Agreement With Kiaro
VANCOUVER, British Columbia, March 14, 2019 /PRNewswire/ -- ParcelPal Technology Inc., (PKG.CN) (PT0.F) (PTNYF) ("ParcelPal" or the "Company") – is pleased to announce it's signed a cannabis distribution agreement with Kiaro, a Vancouver based cannabis retailer. Further to ParcelPal's cannabis strategy announced on September 13, 2018: (https://www.stockwatch.com/News/Search.aspx?wire=0&symbolchanges=Y&symbol=PKG®ion=C), the Company has completed an additional cannabis distribution agreement with Kiaro for the delivery of cannabis products through Kiaro's physical and digital retail channels.
- Zacks•2 months ago
Reasons to Hold Packaging Corporation (PKG) at the Moment
With positive growth projections and long-term opportunities, Packaging Corporation (PKG) is worth retaining in the portfolio at the moment.
- Simply Wall St.•2 months ago
Who Has Been Buying ParcelPal Technology Inc. (CNSX:PKG) Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
- Simply Wall St.•2 months ago
Read This Before You Buy Packaging Corporation of America (NYSE:PKG) Because Of Its P/E Ratio
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll show how Packaging Corporation of America's (NYSE:PKG)Read More...
- Business Wire•2 months ago
Packaging Corporation of America Declares Quarterly Dividend
Packaging Corporation of America announced today that its Board approved a regular quarterly dividend of $0.79 per share on its common stock. The quarterly dividend of $0.79 per share will be paid to shareholders of record as of March 15, 2019 with a payment date of April 15, 2019.
- GuruFocus.com•2 months ago
Packaging Corp of America (PKG) Files 10-K for the Fiscal Year Ended on December 31, 2018
Packaging Corp of America is a producer of container board and corrugated products in the US. The dividend yield of Packaging Corp of America stocks is 3.12%. Packaging Corp of America had annual average EBITDA growth of 17.40% over the past ten years.
