P.H. Glatfelter Co. (NYSE:GLT) declared a quarterly dividend on Tuesday, September 20th. Investors of record on Monday, October 3rd will be paid a dividend of 0.125 per share on Tuesday, November 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.27%.

A number of equities analysts recently commented on GLT shares. Zacks Investment Research cut P.H. Glatfelter from a “hold” rating to a “sell” rating in a report on Thursday, July 21st. TheStreet cut P.H. Glatfelter from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Deutsche Bank AG restated a “hold” rating on shares of P.H. Glatfelter in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.50.

Shares of P.H. Glatfelter (NYSE:GLT) opened at 22.05 on Wednesday. P.H. Glatfelter has a 52-week low of $14.09 and a 52-week high of $23.81. The firm has a 50-day moving average price of $21.81 and a 200-day moving average price of $20.77. The firm has a market cap of $960.21 million, a price-to-earnings ratio of 14.70 and a beta of 1.33.

P.H. Glatfelter (NYSE:GLT) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. P.H. Glatfelter had a return on equity of 9.38% and a net margin of 4.01%. The company earned $406.40 million during the quarter, compared to analysts’ expectations of $411.22 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts predict that P.H. Glatfelter will post $1.48 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in P.H. Glatfelter by 300.0% in the second quarter. BlackRock Inc. now owns 12,259 shares of the company’s stock valued at $240,000 after buying an additional 9,194 shares during the last quarter. Profund Advisors LLC raised its position in P.H. Glatfelter by 4.8% in the second quarter. Profund Advisors LLC now owns 14,214 shares of the company’s stock valued at $278,000 after buying an additional 654 shares during the last quarter. Thrivent Financial for Lutherans raised its position in P.H. Glatfelter by 7.2% in the second quarter. Thrivent Financial for Lutherans now owns 21,060 shares of the company’s stock valued at $412,000 after buying an additional 1,420 shares during the last quarter. Arizona State Retirement System raised its position in P.H. Glatfelter by 1.3% in the second quarter. Arizona State Retirement System now owns 22,591 shares of the company’s stock valued at $442,000 after buying an additional 300 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in P.H. Glatfelter during the second quarter valued at approximately $962,000. 88.46% of the stock is owned by institutional investors.

About P.H. Glatfelter

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