Plum Creek Timber Company SVP James A. Kilberg Unloads 5,500 Shares (PCL)
Plum Creek Timber Company (NYSE:PCL) SVP James A. Kilberg sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $42.60, for a total value of $234,300.00. Following the transaction, the senior vice president now directly owns 41,482 shares in the company, valued at approximately $1,767,133. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Plum Creek Timber Company (NYSE:PCL) traded up 1.10% during mid-day trading on Tuesday, hitting $43.25. 418,321 shares of the company’s stock traded hands. Plum Creek Timber Company has a 52-week low of $41.63 and a 52-week high of $54.62. The stock has a 50-day moving average of $44.24 and a 200-day moving average of $45.55. The company has a market cap of $7.655 billion and a price-to-earnings ratio of 32.91.
Plum Creek Timber Company (NYSE:PCL) last released its earnings data on Monday, January 27th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $331.00 billion for the quarter, compared to the consensus estimate of $326.24 million. During the same quarter last year, the company posted $0.38 earnings per share. Plum Creek Timber Company’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Plum Creek Timber Company will post $1.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Wednesday, February 12th.
A number of analysts have recently weighed in on PCL shares. Analysts at TheStreet downgraded shares of Plum Creek Timber Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Separately, analysts at DA Davidson upgraded shares of Plum Creek Timber Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 28th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at UBS AG cut their price target on shares of Plum Creek Timber Company from $37.00 to $36.00 in a research note on Tuesday, January 28th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $49.88.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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