Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 11,309 Shares of Stock

Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb sold 11,309 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total value of C$2,109,706.39.

Loblaw Companies Price Performance

L opened at C$187.43 on Thursday. Loblaw Companies Limited has a 1 year low of C$141.59 and a 1 year high of C$196.49. The company’s 50 day simple moving average is C$183.23 and its 200 day simple moving average is C$181.04. The stock has a market capitalization of C$56.67 billion, a PE ratio of 25.44, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be issued a $0.513 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.09%. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.83%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on L shares. Desjardins upped their price objective on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. UBS Group cut their target price on shares of Loblaw Companies from C$225.00 to C$210.00 in a research note on Friday, February 21st. TD Securities decreased their price target on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Scotiabank lowered shares of Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, National Bankshares raised their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus price target of C$199.38.

About Loblaw Companies

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.