Loblaw Companies Limited (TSE:L) Director Sells C$19,046,690.91 in Stock

Loblaw Companies Limited (TSE:L) Director Willard Galen Garfield Weston sold 104,364 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$182.50, for a total value of C$19,046,690.91.

Loblaw Companies Trading Up 1.6 %

Shares of L stock traded up C$3.05 on Friday, reaching C$189.43. 598,336 shares of the company’s stock were exchanged, compared to its average volume of 373,037. The company’s fifty day simple moving average is C$183.58 and its 200 day simple moving average is C$180.50. The stock has a market capitalization of C$57.27 billion, a PE ratio of 25.71, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. Loblaw Companies Limited has a 52 week low of C$141.59 and a 52 week high of C$196.49.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.83%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Loblaw Companies from C$225.00 to C$210.00 in a research note on Friday, February 21st. Scotiabank cut shares of Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 target price on the stock. in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. National Bankshares upped their price objective on Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. Finally, TD Securities dropped their target price on Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Loblaw Companies has an average rating of “Moderate Buy” and a consensus target price of C$199.38.

Loblaw Companies Company Profile

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.