George Weston Limited (TSE:WN) Senior Officer Sells C$998,326.12 in Stock

George Weston Limited (TSE:WN) Senior Officer Richard Dufresne sold 4,400 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$226.89, for a total transaction of C$998,326.12.

Richard Dufresne also recently made the following trade(s):

• On Monday, September 9th, Richard Dufresne sold 5,000 shares of George Weston stock. The shares were sold at an average price of C$221.48, for a total value of C$1,107,420.50.
• On Tuesday, September 3rd, Richard Dufresne sold 5,000 shares of George Weston stock. The stock was sold at an average price of C$218.51, for a total value of C$1,092,546.00.
• On Friday, August 30th, Richard Dufresne sold 2,700 shares of George Weston stock. The shares were sold at an average price of C$218.89, for a total transaction of C$591,000.03.

George Weston Trading Down 0.4 %

Shares of TSE:WN traded down C$0.91 during midday trading on Friday, hitting C$225.82. 108,477 shares of the stock were exchanged, compared to its average volume of 121,890. The business’s 50-day moving average price is C$214.55 and its 200 day moving average price is C$196.40. George Weston Limited has a 12 month low of C$144.41 and a 12 month high of C$229.22. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. The stock has a market capitalization of C$29.84 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.70 and a beta of 0.42.

George Weston (TSE:WN) last posted its earnings results on Tuesday, July 30th. The company reported C$2.93 earnings per share for the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. The firm had revenue of C$14.09 billion for the quarter. Analysts predict that George Weston Limited will post 13.0771496 earnings per share for the current year.

George Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, September 13th. George Weston’s dividend payout ratio is currently 36.94%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. CIBC upped their target price on George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Desjardins raised their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Securities lowered their target price on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, BMO Capital Markets lifted their price target on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$229.67.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.