KP Tissue (TSE:KPT) Director Sells C$48,784.40 in Stock

KP Tissue Inc. (TSE:KPT) Director David Spraley sold 3,668 shares of the 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 completion of the transaction, the director directly owned 15,712 shares in the company, valued at approximately C$208,969.60. This trade represents a 18.93% decrease in their position.

KP Tissue Stock Up 0.6%

KPT opened at C$13.25 on Friday. The stock’s fifty day moving average is C$11.91 and its two-hundred day moving average is C$11.03. The company has a market capitalization of C$132.87 million, a P/E ratio of 14.72, a PEG ratio of -0.88 and a beta of 0.55. KP Tissue Inc. has a 52 week low of C$8.73 and a 52 week high of C$13.49.

KP Tissue (TSE:KPT) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. Equities analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.3%. KP Tissue’s dividend payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KPT. Desjardins raised their target price on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, May 15th. TD increased their price objective on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$11.62.

KP Tissue Company Profile

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.