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

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

Loblaw Companies Stock Performance

Shares of L opened at C$189.43 on Friday. The business’s 50 day moving average is C$183.56 and its two-hundred day moving average is C$180.57. Loblaw Companies Limited has a 52-week low of C$141.59 and a 52-week high of C$196.49. The firm has a market cap 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 has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11.

Loblaw Companies Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, March 14th. Loblaw Companies’s payout ratio is 27.83%.

Analyst Ratings Changes

Several equities analysts recently commented on L shares. National Bankshares boosted their price target on Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. CIBC boosted their price target on Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Desjardins boosted their price target on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Scotiabank lowered Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, TD Securities reduced their price target 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.