P H Glatfelter (NYSE:GLT) had its price objective lowered by DA Davidson to $19.00 in a report published on Wednesday, The Fly reports. The brokerage currently has a buy rating on the basic materials company’s stock. DA Davidson also issued estimates for P H Glatfelter’s Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.72 EPS.

Other analysts have also issued reports about the stock. ValuEngine raised shares of P H Glatfelter from a hold rating to a buy rating in a research report on Thursday, September 13th. Sidoti increased their price target on shares of P H Glatfelter from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday, October 10th. BMO Capital Markets increased their price target on shares of P H Glatfelter from $24.00 to $26.00 and gave the stock an outperform rating in a research report on Thursday, August 23rd. Finally, Zacks Investment Research lowered shares of P H Glatfelter from a hold rating to a strong sell rating in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $24.00.

NYSE GLT opened at $14.39 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.24 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $661.11 million, a PE ratio of 12.41, a P/E/G ratio of 3.45 and a beta of 1.17. P H Glatfelter has a 52-week low of $14.09 and a 52-week high of $23.85.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 3rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.61%. The ex-dividend date was Tuesday, October 2nd. P H Glatfelter’s payout ratio is presently 44.83%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new position in P H Glatfelter during the second quarter valued at approximately $229,000. Mondrian Investment Partners LTD raised its position in P H Glatfelter by 19.3% during the second quarter. Mondrian Investment Partners LTD now owns 230,228 shares of the basic materials company’s stock valued at $4,510,000 after acquiring an additional 37,309 shares in the last quarter. Strs Ohio raised its position in P H Glatfelter by 9.7% during the second quarter. Strs Ohio now owns 44,000 shares of the basic materials company’s stock valued at $861,000 after acquiring an additional 3,900 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in P H Glatfelter by 12.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 543,660 shares of the basic materials company’s stock valued at $10,651,000 after acquiring an additional 61,095 shares in the last quarter. Finally, UBS Group AG raised its position in P H Glatfelter by 182.5% during the first quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 5,292 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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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