Fintel reports that on July 17, 2023, Wells Fargo maintained Reporting by Packaging Corp Of America (New York Stock Exchange: PKG) with equal weight recommendation.
Analyst Price Expectations Suggest 0.06% Gains
One-year average as of July 6, 2023 target price 134.07 for Packaging Corp Of America. Expectations range from lows of $104.03 to highs of $173.25. The average price target is up 0.06% from the latest reported closing price of 133.99.
see our corporate leaderboard The target price has the most upside potential.
Packaging Corp Of America’s expected annual revenue is 8,419 million, an increase of 1.22%.Non-GAAP Annual Forecast EPS It is 9.60.
Packaging Corp Of America Announces $1.25 Dividend
On May 2, 2023, the company declared: Quarterly regular dividend $1.25 per share ($5.00 per annum). Shareholders of record as of June 15, 2023 received payment on July 14, 2023. Previously, the company paid $1.25 per share.
At the current stock price of $133.99/share, the dividend yield is 3.73%.
Looking back over the past five years and taking a weekly sample, the average dividend yield was 3.17%, with a low of 2.34% and a high of 4.43%. The standard deviation of yield is 0.44 (n=235).
The current dividend yield is 1.28 standard deviations above the historical average.
The company’s payout ratio is 0.46x. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x.
The company’s three-year dividend growth rate is 0.58%, indicating that it has increased its dividend over time.
What is Fund Sentiment?
there is 1,371 foundations or institutions reporting positions At Packaging Corporation of America. That’s a decrease of 27 owners or 1.93% from the last quarter.Portfolio average weight out of all funds PKG dedicated was 0.22%, down 20.99%. Total shares owned by institutional investors fell by 0.82% to 94,120,000 shares in the last three months. of put/call ratio PKG’s 0.97 points to a bullish outlook.
What are other shareholders doing?
bank of america owns 4,483,000 shares, representing 5.03% of the company. Earlier filings reported that the company owned 3,905,000 shares. will increase 12.90%.office Diminished The portfolio’s PKG allocation increased 71.34% quarter-on-quarter.
JP Morgan Chase holds 3,655,000 shares representing a 4.10% ownership interest in the company. Earlier filings reported that the company owned 3,636,000 shares. will increase 0.51%.office increased The portfolio’s allocation to PKG was up 0.81% QoQ.
american century companies owns 3,567,000 shares representing a 4.00% ownership interest in the company. Earlier filings reported that the company owned 3,506,000 shares. will increase 1.72%.office increased The portfolio’s allocation to PKG was up 6.50% QoQ.
Victory Capital Management holds 3,236,000 shares representing 3.63% of the company’s ownership. Earlier filings reported that the company owned 3,261,000 shares. Decrease 0.79%.office increased The portfolio’s PKG allocation increased 5.12% QoQ.
VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 2,777,000 shares, representing 3.12% of the company. Earlier filings reported that the company owned 2,812,000 shares. Decrease 1.27%.office Diminished The portfolio’s allocation to PKG was up 1.04% QoQ.
Packaging Corp of America Background Information
(This description was provided by us.)
Packaging Corporation of America (PCA) is the third largest producer of containerboard products and the third largest producer of uncoated free sheet paper in North America. PCA operates eight paper mills, 92 corrugated product mills and related facilities.
Additional resources:
This story was originally Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
Summarize this content to 100 words
Fintel reports that on July 17, 2023, Wells Fargo maintained Reporting by Packaging Corp Of America (New York Stock Exchange: PKG) with equal weight recommendation. Analyst Price Expectations Suggest 0.06% Gains One-year average as of July 6, 2023 target price 134.07 for Packaging Corp Of America. Expectations range from lows of $104.03 to highs of $173.25. The average price target is up 0.06% from the latest reported closing price of 133.99.
see our corporate leaderboard The target price has the most upside potential. Packaging Corp Of America’s expected annual revenue is 8,419 million, an increase of 1.22%.Non-GAAP Annual Forecast EPS It is 9.60. Packaging Corp Of America Announces $1.25 Dividend On May 2, 2023, the company declared: Quarterly regular dividend $1.25 per share ($5.00 per annum). Shareholders of record as of June 15, 2023 received payment on July 14, 2023. Previously, the company paid $1.25 per share. At the current stock price of $133.99/share, the dividend yield is 3.73%. Looking back over the past five years and taking a weekly sample, the average dividend yield was 3.17%, with a low of 2.34% and a high of 4.43%. The standard deviation of yield is 0.44 (n=235).
The current dividend yield is 1.28 standard deviations above the historical average. The company’s payout ratio is 0.46x. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x. The company’s three-year dividend growth rate is 0.58%, indicating that it has increased its dividend over time. What is Fund Sentiment? there is 1,371 foundations or institutions reporting positions At Packaging Corporation of America. That’s a decrease of 27 owners or 1.93% from the last quarter.Portfolio average weight out of all funds PKG dedicated was 0.22%, down 20.99%. Total shares owned by institutional investors fell by 0.82% to 94,120,000 shares in the last three months. of put/call ratio PKG’s 0.97 points to a bullish outlook. What are other shareholders doing? bank of america owns 4,483,000 shares, representing 5.03% of the company. Earlier filings reported that the company owned 3,905,000 shares. will increase 12.90%.office Diminished The portfolio’s PKG allocation increased 71.34% quarter-on-quarter.
JP Morgan Chase holds 3,655,000 shares representing a 4.10% ownership interest in the company. Earlier filings reported that the company owned 3,636,000 shares. will increase 0.51%.office increased The portfolio’s allocation to PKG was up 0.81% QoQ. american century companies owns 3,567,000 shares representing a 4.00% ownership interest in the company. Earlier filings reported that the company owned 3,506,000 shares. will increase 1.72%.office increased The portfolio’s allocation to PKG was up 6.50% QoQ. Victory Capital Management holds 3,236,000 shares representing 3.63% of the company’s ownership. Earlier filings reported that the company owned 3,261,000 shares. Decrease 0.79%.office increased The portfolio’s PKG allocation increased 5.12% QoQ. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 2,777,000 shares, representing 3.12% of the company. Earlier filings reported that the company owned 2,812,000 shares. Decrease 1.27%.office Diminished The portfolio’s allocation to PKG was up 1.04% QoQ. Packaging Corp of America Background Information(This description was provided by us.)
Packaging Corporation of America (PCA) is the third largest producer of containerboard products and the third largest producer of uncoated free sheet paper in North America. PCA operates eight paper mills, 92 corrugated product mills and related facilities.
Additional resources: This story was originally Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/wells-fargo-maintains-packaging-corp-of-america-pkg-equal-weight-recommendation Wells Fargo Retains PKG Equal Weight Recommendation