David Spraley Sells 2,000 Shares of KP Tissue (TSE:KPT) Stock

KP Tissue Inc. (TSE:KPT) Director David Spraley sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$13.00, for a total transaction of C$26,000.00. Following the completion of the transaction, the director owned 19,380 shares in the company, valued at approximately C$251,940. This trade represents a 9.35% decrease in their ownership of the stock.

KP Tissue Stock Performance

Shares of TSE KPT traded down C$0.03 during trading on Wednesday, reaching C$13.25. The company had a trading volume of 20,550 shares, compared to its average volume of 15,829. KP Tissue Inc. has a 52 week low of C$8.73 and a 52 week high of C$13.49. The stock has a market cap of C$132.87 million, a PE ratio of 14.72, a PEG ratio of -0.88 and a beta of 0.55. The business’s 50 day moving average price is C$11.77 and its 200-day moving average price is C$10.97.

KP Tissue (TSE:KPT) last announced its earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 dividend yield of 6.3%. KP Tissue’s payout ratio is currently 80.00%.

Analyst Ratings Changes

KPT has been the subject of a number of research analyst reports. Desjardins boosted 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 boosted 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.