Insider Buying: George Weston Limited (TSE:WN) Senior Officer Purchases 1,000 Shares of Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti bought 1,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were bought at an average cost of C$22.18 per share, with a total value of C$22,180.00.

Rashid Wasti also recently made the following trade(s):

• On Friday, September 20th, Rashid Wasti purchased 1,000 shares of George Weston stock. The stock was bought at an average cost of C$20.54 per share, for a total transaction of C$20,539.00.
• On Tuesday, September 17th, Rashid Wasti acquired 1,100 shares of George Weston stock. The shares were purchased at an average price of C$21.99 per share, with a total value of C$24,189.99.
• On Monday, August 26th, Rashid Wasti purchased 2,000 shares of George Weston stock. The stock was purchased at an average cost of C$21.67 per share, for a total transaction of C$43,340.00.
• On Wednesday, August 28th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$222.51, for a total value of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti bought 1,500 shares of George Weston stock. The shares were acquired at an average cost of C$21.72 per share, for a total transaction of C$32,580.00.
• On Monday, August 19th, Rashid Wasti bought 1,300 shares of George Weston stock. The stock was bought at an average cost of C$21.63 per share, with a total value of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$218.50, for a total value of C$32,775.00.
• On Wednesday, August 7th, Rashid Wasti bought 1,500 shares of George Weston stock. The shares were purchased at an average cost of C$21.34 per share, for a total transaction of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Stock Up 0.5 %

Shares of George Weston stock opened at C$222.49 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. George Weston Limited has a 52-week low of C$144.41 and a 52-week high of C$229.22. The company has a market capitalization of C$29.40 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.70 and a beta of 0.42. The company has a 50 day moving average of C$219.02 and a 200 day moving average of C$201.73.

George Weston (TSE:WN) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$2.93 earnings per share (EPS) for the quarter. The business had revenue of C$14.09 billion during the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. As a group, research analysts forecast that George Weston Limited will post 13.0134582 EPS for the current fiscal year.

George Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were issued a $0.82 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.47%. George Weston’s payout ratio is currently 36.90%.

Analysts Set New Price Targets

Several analysts have recently issued reports on WN shares. CIBC increased their price target on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Securities reduced their target price on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Desjardins boosted their price target on shares of George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$229.67.

George Weston Company Profile

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.