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 company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total transaction 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 ownership of the stock.

KP Tissue Price Performance

TSE:KPT traded down C$0.03 during mid-day trading on Wednesday, hitting C$13.25. The company’s stock had a trading volume of 20,550 shares, compared to its average volume of 15,829. KP Tissue Inc. has a 1 year low of C$8.73 and a 1 year high of C$13.49. The stock has a market cap of C$132.87 million, a price-to-earnings ratio of 14.72, a PEG ratio of -0.88 and a beta of 0.55. The business’s fifty day moving average is C$11.77 and its two-hundred day moving average is C$10.97.

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

KP Tissue Dividend Announcement

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

Analyst Ratings Changes

KPT has been the topic of several recent analyst reports. Desjardins increased their target price on shares of KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research note on Friday, May 15th. TD increased their target price on shares of KP Tissue from C$11.00 to C$12.00 and gave the stock 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 presently has an average rating of “Hold” and an average target price of C$11.63.

About KP Tissue

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.