Insider Selling: Loblaw Companies Limited (TSE:L) Director Sells 7,752 Shares of Stock
Loblaw Companies Limited (TSE:L – Get Rating) Director Richard Dufresne sold 7,752 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of C$114.01, for a total value of C$883,789.24. Following the sale, the director now directly owns 9,533 shares in the company, valued at approximately C$1,086,837.31.
Loblaw Companies Price Performance
Shares of L stock traded down C$0.10 during trading hours on Thursday, reaching C$117.02. The company’s stock had a trading volume of 164,013 shares, compared to its average volume of 526,813. Loblaw Companies Limited has a fifty-two week low of C$90.46 and a fifty-two week high of C$124.77. The company has a market capitalization of C$37.91 billion and a price-to-earnings ratio of 19.89. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 152.06. The firm’s 50 day simple moving average is C$111.24 and its 200-day simple moving average is C$114.57.
Loblaw Companies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, December 14th. Loblaw Companies’s payout ratio is 26.01%.
Analysts Set New Price Targets
L has been the subject of a number of recent research reports. Scotiabank boosted their target price on Loblaw Companies from C$125.00 to C$126.50 in a research report on Thursday, November 17th. National Bankshares boosted their target price on Loblaw Companies from C$126.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. CIBC boosted their price target on Loblaw Companies from C$136.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. ATB Capital upped their target price on Loblaw Companies from C$135.00 to C$140.00 in a report on Thursday, November 17th. Finally, TD Securities upped their target price on Loblaw Companies from C$130.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. One analyst has 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 a consensus rating of “Moderate Buy” and an average target price of C$135.44.
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.
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