P H Glatfelter Co (NYSE:GLT) – Equities research analysts at DA Davidson issued their Q1 2019 EPS estimates for shares of P H Glatfelter in a research note issued on Wednesday, November 7th. DA Davidson analyst S. Chercover anticipates that the basic materials company will earn $0.11 per share for the quarter. DA Davidson has a “Buy” rating and a $19.00 price target on the stock. DA Davidson also issued estimates for P H Glatfelter’s Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.23 EPS and Q4 2019 earnings at $0.21 EPS.
A number of other equities analysts have also recently commented on the company. ValuEngine cut P H Glatfelter from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut P H Glatfelter from a “hold” rating to a “strong sell” rating in a report on Thursday, October 18th. Sidoti raised their target price on P H Glatfelter from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, BMO Capital Markets raised their target price on P H Glatfelter from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Wednesday, October 3rd were paid a $0.13 dividend. The ex-dividend date was Tuesday, October 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 3.61%. P H Glatfelter’s payout ratio is presently 44.83%.
Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new stake in P H Glatfelter in the 2nd quarter worth $229,000. Mondrian Investment Partners LTD increased its stake in P H Glatfelter by 19.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 230,228 shares of the basic materials company’s stock worth $4,510,000 after buying an additional 37,309 shares in the last quarter. Strs Ohio increased its stake in P H Glatfelter by 9.7% in the 2nd quarter. Strs Ohio now owns 44,000 shares of the basic materials company’s stock worth $861,000 after buying an additional 3,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in P H Glatfelter by 12.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 543,660 shares of the basic materials company’s stock worth $10,651,000 after buying an additional 61,095 shares in the last quarter. Finally, UBS Group AG increased its stake in P H Glatfelter by 182.5% in the 1st quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock worth $168,000 after buying an additional 5,292 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
About P H Glatfelter
P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.
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