Loblaw Companies Limited (TSE:L) Director Sells C$19,046,690.91 in Stock

Loblaw Companies Limited (TSE:L - Get Free Report) Director Willard Galen Garfield Weston sold 104,364 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$182.50, for a total transaction of C$19,046,690.91.

Loblaw Companies Stock Performance

Loblaw Companies stock traded down C$1.86 on Tuesday, hitting C$184.24. The company's stock had a trading volume of 498,030 shares, compared to its average volume of 380,841. The firm has a market cap of C$55.70 billion, a P/E ratio of 25.01, a price-to-earnings-growth 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. The company has a fifty day moving average price of C$183.31 and a 200-day moving average price of C$180.94. Loblaw Companies Limited has a one year low of C$141.59 and a one year high of C$196.49.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, March 14th. Loblaw Companies's payout ratio is 27.83%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on L shares. UBS Group lowered their price objective on shares of Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. Scotiabank downgraded shares of Loblaw Companies from an "outperform" rating to a "sector perform" rating and set a C$200.00 price objective on the stock. in a research report on Wednesday, January 8th. TD Securities lowered their price objective on shares of 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. National Bankshares lifted their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. Finally, CIBC lifted their target price on shares of Loblaw Companies from C$206.00 to C$208.00 in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Loblaw Companies presently has an average rating of "Moderate Buy" and a consensus target price of C$199.38.

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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.