Schweitzer-Mauduit International EVP Sells $1,009,800 in Stock (SWM)
Schweitzer-Mauduit International (NYSE:SWM) EVP Michel Fievez unloaded 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $50.49, for a total value of $1,009,800.00. Following the sale, the executive vice president now directly owns 91,394 shares in the company, valued at approximately $4,614,483. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Schweitzer-Mauduit International (NYSE:SWM) traded down 2.21% on Thursday, hitting $50.33. The stock had a trading volume of 130,465 shares. Schweitzer-Mauduit International has a 1-year low of $35.87 and a 1-year high of $63.53. The stock has a 50-day moving average of $51.02 and a 200-day moving average of $55.43. The company has a market cap of $1.580 billion and a P/E ratio of 15.83.
Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.95 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.01. The company had revenue of $185.30 million for the quarter, compared to the consensus estimate of $190.51 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis.
Schweitzer-Mauduit International, Inc is a diversified producer of specialty papers. It operates in two segments: Paper and Reconstituted Tobacco.
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