Key Points
- Director David Spraley sold 3,668 KP Tissue shares on June 17 for about C$48,784 at an average price of C$13.30, trimming his stake by 18.93%.
- KP Tissue shares recently traded near their 52-week high, opening at C$13.23, while the company has a market cap of C$132.67 million and a dividend yield of 6.3%.
- Analysts remain cautious: several firms rate the stock Hold, and the consensus target price is about C$11.63, below the current trading level.
KP Tissue Inc. (TSE:KPT - Get Free Report) Director David Spraley sold 3,668 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total value of C$48,784.40. Following the transaction, the director owned 15,712 shares in the company, valued at approximately C$208,969.60. The trade was a 18.93% decrease in their ownership of the stock.
KP Tissue Stock Performance
Shares of KPT stock opened at C$13.23 on Thursday. The firm has a market cap of C$132.67 million, a P/E ratio of 14.70, a P/E/G ratio of -0.88 and a beta of 0.55. KP Tissue Inc. has a fifty-two week low of C$8.73 and a fifty-two week high of C$13.49. The business's 50 day moving average price is C$11.82 and its 200-day moving average price is C$10.99.
KP Tissue (TSE:KPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. As a group, equities analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current year.
KP Tissue Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, June 30th. KP Tissue's dividend payout ratio (DPR) is currently 80.00%.
Analysts Set New Price Targets
KPT has been the topic of a number of recent analyst reports. Desjardins lifted their price objective on KP Tissue from C$12.00 to C$12.50 and gave the stock a "hold" rating in a research report on Friday, May 15th. TD lifted their price objective on KP Tissue from C$11.00 to C$12.00 and gave the stock a "hold" rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$11.63.
View Our Latest Stock Analysis on KPT
KP Tissue Company Profile
(
Get Free Report)
KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.
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