PACKAGING CORPORATION OF AMERICA (PKG) Stocks
ABOUT PACKAGING CORPORATION OF AMERICA
📊 Packaging Corporation of America is primarily a box manufacturing company that offers different packaging solutions, transportation services and displaying products. Its portfolio offers custom-printed corrugated boxes, custom retail visual displays and conventional shipping containers.
📊 Packaging Corporation operates through its Packaging, Paper as well as its Corporate and Other sectors. The company’s Packaging sector offers several corrugated packaging products used in the packaging of fresh fruit and vegetables, beverages, processed meat and other products. These products are manufactured at its 5 container board mills.
📊 The Paper sector operates 3 paper mills, 5 container board mills and 94 manufacturing plants. This sector produces and sells several communication-based, pressure sensitive and other ranges of paper. Its Corporate and Other sector offers corporate support staff services and transportation assets.
📊 Packaging Corporation of America is headquartered in Lake Forest, Illinois. The company employs more than 14 600 people and appears on the S&P500 Index.
HISTORY OF PACKAGING CORPORATION OF AMERICA
- In 1867 the North Star Mill is founded by Henry Weis. The company is located in Quincy, Illinois and produces paper from straw. In 1931 the company merges with North Start Egg Case Company, H.T. Cherry Company, Indiana Board and Filter Company and Carey Straw Mill. Together it forms the new Central Fiber Products Company.
- In 1959 the company merges with the American Box Company and the Ohio Box Company to form Packaging Corporation of America. By 1961 Packaging Corporation of America holds a majority interest in Tennessee River Pulp Company.
- In 1965 Tenneco buys Packaging Corporation.
- The 1970 Packaging Corporation buys the remaining interests in Tennessee River Pulp & Paper Company. It is now wholly owned by Packaging Corporation and adds 30 000 acres of timberland to Packaging Corporation’s portfolio. The same year the company opens its 34th corrugated container plant in Burlington, Wisconsin.
- In 1990 a corrugated product manufacturer, Hanover Container, as well as a corrugated sheet plant Deseret Container, are purchased by the company. A year later Packaging Corporation buys cutting rights to nearly 650 000 acres of timberland, two container board mills and 19 corrugated container plants belonging to Georgia Pacific. It is the largest purchase in the company’s history.
- Packaging Corporation of America is incorporated in 1999 and starts trading publicly on the New York Stock Exchange in 2000. Packaging Corporation buys a number of companies during the next few years that expands its portfolio considerably.
VISION & VALUES OF PACKAGING CORPORATION OF AMERICA
- Packaging Corporation of America believes in upholding a good relationship with its customers, employees, communities and shareholders. The company provides high-quality, trustworthy products.
- Packaging Corporation is socially and environmentally responsible. The company practices sustainability efforts to manage forestry. It is certified to Sustainable Forestry Initiative and believes in certified sourcing.
MARKET PERFORMANCE OF PACKAGING CORPORATION OF AMERICA
- Packaging Corporation of America trades on the New York Stock Exchange under the NYSE stock symbol “PKG”.
- Data analysis for the company’s quarterly period ending June 30, 2019 reports total assets of $7,074.4 million. Net sales are $1,759.9 million and gross profit is $427.9 million. Income from operations is $280.4 million and net income is $380.4 million.
- Cash and cash equivalents at the end of the period are $569.4 million. Dividends declared in the reported period are $0.79 per common share. Potential investors can buy shares at a reasonable price.
LATEST NEWS PACKAGING CORPORATION OF AMERICA
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy PACKAGING CORPORATION OF AMERICA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN PACKAGING CORPORATION OF AMERICA STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE PACKAGING CORPORATION OF AMERICA STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of PACKAGING CORPORATION OF AMERICA stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy PACKAGING CORPORATION OF AMERICA stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?