Willard Galen Garfield Weston Sells 104,364 Shares of Loblaw Companies Limited (TSE:L) Stock

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

Loblaw Companies Price Performance

Shares of TSE L opened at C$189.43 on Friday. Loblaw Companies Limited has a 1-year low of C$141.59 and a 1-year high of C$196.49. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The business’s fifty day moving average price is C$183.56 and its two-hundred day moving average price is C$180.57. The firm 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.

Loblaw Companies Announces Dividend

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

Analyst Ratings Changes

L has been the subject of a number of research analyst reports. CIBC boosted their price target on Loblaw Companies from C$206.00 to C$208.00 in a report on Friday, February 21st. UBS Group lowered their price target on Loblaw Companies from C$225.00 to C$210.00 in a report on Friday, February 21st. Royal Bank of Canada boosted their price target on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a report on Monday, December 9th. National Bankshares increased their target price 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 on the stock in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus target price of C$199.38.

About Loblaw Companies

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.