P.H. Glatfelter Co. (GLT) to Issue $0.13 Quarterly Dividend
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%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in P.H. Glatfelter by 4.2% in the second quarter. Vanguard Group Inc. now owns 3,484,138 shares of the company’s stock valued at $68,150,000 after buying an additional 141,178 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of P.H. Glatfelter by 4.1% in the second quarter. BlackRock Fund Advisors now owns 2,828,345 shares of the company’s stock valued at $55,322,000 after buying an additional 111,261 shares during the period. State Street Corp boosted its stake in shares of P.H. Glatfelter by 0.9% in the second quarter. State Street Corp now owns 844,279 shares of the company’s stock valued at $16,513,000 after buying an additional 7,408 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of P.H. Glatfelter by 6.3% in the second quarter. BlackRock Investment Management LLC now owns 204,318 shares of the company’s stock valued at $3,996,000 after buying an additional 12,054 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of P.H. Glatfelter by 44.9% in the second quarter. Guggenheim Capital LLC now owns 138,486 shares of the company’s stock valued at $2,708,000 after buying an additional 42,922 shares during the period. Institutional investors own 88.46% of the company’s stock.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of P.H. Glatfelter from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of P.H. Glatfelter in a research report on Wednesday, June 15th. Finally, TheStreet downgraded shares of P.H. Glatfelter from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.50.
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P.H. Glatfelter (NYSE:GLT) traded up 0.14% during mid-day trading on Tuesday, hitting $22.08. 70,793 shares of the company traded hands. The stock has a market capitalization of $961.52 million, a price-to-earnings ratio of 14.72 and a beta of 1.33. P.H. Glatfelter has a one year low of $14.09 and a one year high of $23.81. The company’s 50-day moving average is $21.78 and its 200-day moving average is $20.75.
P.H. Glatfelter (NYSE:GLT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping the 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 firm had revenue of $406.40 million for the quarter, compared to the consensus estimate of $411.22 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts predict that P.H. Glatfelter will post $1.48 EPS for the current year.
P.H. Glatfelter Company Profile
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