Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 14,840 Shares of Stock

Loblaw Companies Limited (TSE:LGet Free Report) Senior Officer Frank Gambioli sold 14,840 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$157.00, for a total value of C$2,329,880.00.

Loblaw Companies Stock Down 0.4 %

L traded down C$0.57 during midday trading on Monday, reaching C$156.09. 109,957 shares of the company were exchanged, compared to its average volume of 363,647. Loblaw Companies Limited has a one year low of C$110.52 and a one year high of C$158.41. The company’s fifty day moving average price is C$152.26 and its 200 day moving average price is C$138.90. The company has a market cap of C$47.98 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The company has a debt-to-equity ratio of 156.41, a quick ratio of 0.68 and a current ratio of 1.25.

Loblaw Companies (TSE:LGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported C$1.72 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.70 by C$0.02. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. The firm had revenue of C$13.58 billion for the quarter, compared to the consensus estimate of C$13.29 billion. As a group, analysts expect that Loblaw Companies Limited will post 8.5032397 EPS for the current year.

Loblaw Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be paid a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Loblaw Companies’s previous quarterly dividend of $0.45. Loblaw Companies’s payout ratio is presently 30.64%.

Analyst Ratings Changes

A number of analysts recently commented on L shares. TD Securities boosted their target price on Loblaw Companies from C$168.00 to C$172.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their price objective on Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Scotiabank boosted their price objective on Loblaw Companies from C$148.27 to C$161.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd. National Bankshares boosted their price objective on Loblaw Companies from C$156.00 to C$159.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, CIBC boosted their price objective on Loblaw Companies from C$159.00 to C$171.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Loblaw Companies currently has an average rating of “Moderate Buy” and an average target price of C$162.43.

Read Our Latest Research Report on Loblaw Companies

Loblaw Companies Company Profile

(Get Free Report)

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.

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

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