Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 500 Shares of Stock

Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$213.87, for a total value of C$106,932.55.

Kieran Barry Columb also recently made the following trade(s):

• On Monday, March 3rd, Kieran Barry Columb sold 11,309 shares of Loblaw Companies stock. The shares were sold at an average price of C$186.55, for a total value of C$2,109,706.39.

Loblaw Companies Trading Up 1.0%

Shares of Loblaw Companies stock opened at C$219.61 on Friday. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29. The firm has a 50-day moving average of C$206.96 and a 200-day moving average of C$192.28. Loblaw Companies Limited has a 52-week low of C$152.39 and a 52-week high of C$229.56. The stock has a market cap of C$66.40 billion, a PE ratio of 29.81, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, March 14th. Loblaw Companies’s dividend payout ratio is currently 27.83%.

Wall Street Analysts Forecast Growth

L has been the topic of a number of recent analyst reports. Desjardins increased their price target on Loblaw Companies from C$185.00 to C$230.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. CIBC upped their price objective on shares of Loblaw Companies from C$208.00 to C$234.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. BMO Capital Markets raised their target price on shares of Loblaw Companies from C$200.00 to C$220.00 in a research note on Thursday, May 1st. UBS Group lifted their target price on shares of Loblaw Companies from C$210.00 to C$253.00 in a report on Thursday, May 1st. Finally, Scotiabank increased their price target on shares of Loblaw Companies from C$215.00 to C$245.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$236.88.

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.