Loblaw Companies Limited (L) to Distribute Quarterly Dividend of $0.51 on October 1st

Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Tuesday, October 1st will be paid a dividend of 0.513 per share on Tuesday, October 1st. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, September 13th.

Loblaw Companies Stock Performance

L stock opened at C$175.72 on Wednesday. The stock has a market cap of C$53.66 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.53 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. The firm has a 50 day simple moving average of C$169.40 and a 200 day simple moving average of C$158.77. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$177.71.

Loblaw Companies (TSE:L) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.15 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.01. The company had revenue of C$13.95 billion during the quarter, compared to the consensus estimate of C$14.07 billion. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%. Research analysts anticipate that Loblaw Companies will post 9.4554243 earnings per share for the current fiscal year.

Insider Transactions at Loblaw Companies

In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 32,500 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$156.01, for a total transaction of C$5,070,380.25. In other news, Senior Officer Kieran Barry Columb sold 32,500 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$156.01, for a total transaction of C$5,070,380.25. Also, Senior Officer Nicholas Henn sold 164 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$27,084.39. Insiders have sold 32,960 shares of company stock valued at $5,146,349 in the last three months. 53.53% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Securities increased their price target on Loblaw Companies from C$172.00 to C$186.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Desjardins raised their target price on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. CIBC lifted their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. National Bankshares upped their price target on shares of Loblaw Companies from C$159.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, BMO Capital Markets lifted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$176.43.

Loblaw Companies Company Profile

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.