On November 8, 2024, Robert Mundy, Executive Vice President and Chief Financial Officer of Packaging Corp of America (PKG, Financial), sold 12,500 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 43,954 shares of the company.
Packaging Corp of America, a leader in the packaging industry, manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through various segments, including Packaging, Paper, and Corporate and Other.
Over the past year, Robert Mundy has sold a total of 22,500 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 9 insider sells and only 1 insider buy over the past year.
Shares of Packaging Corp of America were trading at $240.62 on the day of the sale. The company has a market cap of approximately $21.65 billion. The price-earnings ratio stands at 28.10, which is above both the industry median of 18.06 and the company's historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.5, based on a GF Value of $160.42. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
