Wausau Paper Corp. CEO Acquires $23,160 in Stock (WPP)
Wausau Paper Corp. (NYSE:WPP) CEO Henry Newell acquired 2,000 shares of the stock on the open market in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of $11.58 per share, with a total value of $23,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Wausau Paper Corp. (NYSE:WPP) traded up 0.61% during mid-day trading on Monday, hitting $11.64. 379,362 shares of the company’s stock traded hands. Wausau Paper Corp. has a 52-week low of $7.46 and a 52-week high of $13.78. The stock has a 50-day moving average of $12.77 and a 200-day moving average of $11.65. The company’s market cap is $575.4 million.
Wausau Paper Corp. (NYSE:WPP) last released its earnings data on Tuesday, October 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.04. The company had revenue of $91.66 million for the quarter, compared to the consensus estimate of $90.73 million. Analysts expect that Wausau Paper Corp. will post $-0.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, October 30th.
WPP has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Wausau Paper Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $11.10 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Wausau Paper Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. They now have a $14.00 price target on the stock.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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