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 Loblaw Companies stock in a transaction 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 Monday. Loblaw Companies Limited has a one year low of C$141.59 and a one 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 firm has a market capitalization of C$57.27 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.23 and a beta of 0.17. The company’s fifty day moving average price is C$183.56 and its 200-day moving average price is C$180.75.

Loblaw Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on L shares. UBS Group reduced their target price on Loblaw Companies from C$225.00 to C$210.00 in a report on Friday, February 21st. National Bankshares boosted their price objective on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. Desjardins increased their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. CIBC boosted their price target on shares of Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Finally, TD Securities decreased their price target on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating on the stock in a 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. According to MarketBeat, Loblaw Companies has an average rating of “Moderate Buy” and an average price target 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.