Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb Sells 11,309 Shares

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

Loblaw Companies Stock Down 1.0 %

L stock traded down C$1.86 during midday trading on Tuesday, hitting C$184.24. The company’s stock had a trading volume of 498,030 shares, compared to its average volume of 380,841. The stock has a market capitalization of C$55.70 billion, a P/E ratio of 25.01, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. Loblaw Companies Limited has a twelve month low of C$141.59 and a twelve month high of C$196.49. The company’s fifty day moving average price is C$183.44 and its 200 day moving average price is C$180.86.

Loblaw Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.513 per share. 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 1.11%. Loblaw Companies’s payout ratio is 27.83%.

Wall Street Analyst Weigh In

L has been the subject of several recent research reports. TD Securities dropped their price objective on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating for the company in a research report 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 target price on the stock. in a research note on Wednesday, January 8th. National Bankshares increased their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. UBS Group cut their price objective on shares of Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. Finally, Desjardins raised their target price on Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$199.38.

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.