P.H. Glatfelter Co. (GLT) Stock Price Down 2.1%
P.H. Glatfelter Co. (NYSE:GLT) shares traded down 2.1% during mid-day trading on Wednesday . The stock traded as low as $20.37 and last traded at $20.37, with a volume of 75,724 shares. The stock had previously closed at $20.80.
Several research analysts have issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of P.H. Glatfelter in a research note on Wednesday, May 18th. Zacks Investment Research lowered P.H. Glatfelter from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, TheStreet lowered P.H. Glatfelter from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.50.
The firm’s 50 day moving average price is $20.44 and its 200 day moving average price is $19.20. The firm has a market capitalization of $885.74 million and a P/E ratio of 13.39.
P.H. Glatfelter (NYSE:GLT) last posted its earnings results on Tuesday, May 3rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.04. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company earned $402.20 million during the quarter, compared to analyst estimates of $412.14 million. The company’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that P.H. Glatfelter Co. will post $1.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Wednesday, June 29th.
A number of hedge funds have recently added to or reduced their stakes in the stock. WBI Investments Inc. purchased a new stake in P.H. Glatfelter during the fourth quarter valued at about $1,311,000. OppenheimerFunds Inc. increased its stake in P.H. Glatfelter by 3.4% in the fourth quarter. OppenheimerFunds Inc. now owns 1,269,512 shares of the company’s stock valued at $23,409,000 after buying an additional 41,262 shares during the period. Rhumbline Advisers increased its stake in P.H. Glatfelter by 4.4% in the fourth quarter. Rhumbline Advisers now owns 89,121 shares of the company’s stock valued at $1,643,000 after buying an additional 3,775 shares during the period. California State Teachers Retirement System increased its stake in P.H. Glatfelter by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 80,163 shares of the company’s stock valued at $1,478,000 after buying an additional 1,299 shares during the period. Finally, First Trust Advisors LP increased its stake in P.H. Glatfelter by 0.8% in the fourth quarter. First Trust Advisors LP now owns 145,659 shares of the company’s stock valued at $2,686,000 after buying an additional 1,225 shares during the period.
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