Loblaw Companies Limited (TSE:L) Director Sells C$48,884.02 in Stock

Loblaw Companies Limited (TSE:L) Director Willard Galen Garfield Weston sold 296 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$48,884.02.

Loblaw Companies Price Performance

Shares of L stock opened at C$164.97 on Monday. Loblaw Companies Limited has a twelve month low of C$110.52 and a twelve month high of C$171.99. The stock has a market capitalization of C$50.71 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.53 and a beta of 0.12. The stock has a fifty day simple moving average of C$162.81 and a two-hundred day simple moving average of C$153.03. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41.

Loblaw Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, September 13th. Loblaw Companies’s dividend payout ratio is 31.01%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets upped their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Desjardins upped their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. CIBC upped their price objective on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. Scotiabank upped their price objective on Loblaw Companies from C$148.27 to C$161.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. Finally, TD Securities upped their price objective on Loblaw Companies from C$172.00 to C$186.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$176.43.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.