Loblaw Companies Ltd (TSE:L) Senior Officer Sells C$1,445,650.00 in Stock

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Loblaw Companies Ltd (TSE:L) Senior Officer Sarah Ruth Davis sold 19,940 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$72.50, for a total transaction of C$1,445,650.00. Following the completion of the sale, the insider now directly owns 1,477 shares of the company’s stock, valued at C$107,082.50.

TSE L opened at C$71.82 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.71 and a debt-to-equity ratio of 146.60. The company has a fifty day simple moving average of C$68.71 and a 200 day simple moving average of C$67.45. The company has a market cap of $26.56 billion and a P/E ratio of 33.20. Loblaw Companies Ltd has a 1 year low of C$50.22 and a 1 year high of C$72.72.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 12th. Loblaw Companies’s dividend payout ratio is currently 55.48%.

Several research firms have commented on L. TD Securities boosted their target price on shares of Loblaw Companies from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets decreased their target price on shares of Loblaw Companies from C$83.00 to C$75.00 in a research report on Thursday, July 25th. Raymond James boosted their target price on shares of Loblaw Companies from C$71.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Desjardins boosted their target price on shares of Loblaw Companies from C$70.00 to C$73.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, CIBC boosted their target price on shares of Loblaw Companies from C$76.00 to C$77.00 in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$73.75.

Loblaw Companies Company Profile

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 comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.

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Insider Buying and Selling by Quarter for Loblaw Companies (TSE:L)

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