KP Tissue (TSE:KPT) Director David Spraley Sells 3,668 Shares

KP Tissue Inc. (TSE:KPT) Director David Spraley sold 3,668 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total value of C$48,784.40. Following the completion of the sale, the director directly owned 15,712 shares in the company, valued at approximately C$208,969.60. The trade was a 18.93% decrease in their position.

KP Tissue Stock Down 0.4%

TSE:KPT opened at C$13.23 on Thursday. The business’s 50-day moving average price is C$11.82 and its two-hundred day moving average price is C$10.99. KP Tissue Inc. has a twelve month low of C$8.73 and a twelve month high of C$13.49. The stock has a market cap of C$132.67 million, a P/E ratio of 14.70, a PEG ratio of -0.88 and a beta of 0.55.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. On average, equities research analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on KPT shares. Desjardins raised their price target on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, May 15th. TD raised their price objective on KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, KP Tissue presently has a consensus rating of “Hold” and an average price target of C$11.63.

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.