George Weston Limited (TSE:WN) Senior Officer Sells C$709,500.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 3,300 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of C$215.00, for a total value of C$709,500.00.

Rashid Wasti also recently made the following trade(s):

• On Wednesday, May 22nd, Rashid Wasti sold 1,307 shares of George Weston stock. The stock was sold at an average price of C$193.25, for a total value of C$252,577.75.

George Weston Stock Performance

Shares of WN stock opened at C$210.23 on Tuesday. The stock has a market cap of C$28.12 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. The business has a 50-day simple moving average of C$200.70 and a 200-day simple moving average of C$187.32. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. George Weston Limited has a 52-week low of C$144.41 and a 52-week high of C$217.28.

George Weston (TSE:WN) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%. The firm had revenue of C$13.74 billion during the quarter. On average, equities analysts expect that George Weston Limited will post 12.1466667 EPS for the current year.

George Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.28 annualized dividend and a yield of 1.56%. George Weston’s dividend payout ratio (DPR) is currently 34.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WN. CIBC raised their price objective on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Desjardins lifted their price target on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Scotiabank lifted their price target on George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. BMO Capital Markets lifted their price target on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, TD Securities lowered their price target on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, George Weston presently has an average rating of “Moderate Buy” and a consensus target price of C$229.67.

George Weston Company Profile

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.