Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells C$278,880.09 in Stock

Loblaw Companies Limited (TSE:L) Senior Officer Frank Gambioli sold 1,304 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$213.87, for a total transaction of C$278,880.09.

Loblaw Companies Stock Up 1.0%

L stock opened at C$219.61 on Monday. The company has a market cap of C$66.40 billion, a P/E ratio of 29.81, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 52 week low of C$152.39 and a 52 week high of C$229.56. The company’s 50-day moving average price is C$206.96 and its 200 day moving average price is C$192.40. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11.

Loblaw Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on L. BMO Capital Markets boosted their price target on shares of Loblaw Companies from C$200.00 to C$220.00 in a research note on Thursday, May 1st. Royal Bank of Canada boosted their price target on shares of Loblaw Companies from C$215.00 to C$234.00 in a research note on Monday, April 14th. UBS Group boosted their price target on shares of Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday, May 1st. Scotiabank boosted their price target on shares of Loblaw Companies from C$215.00 to C$245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, TD Securities boosted their price objective on shares of Loblaw Companies from C$195.00 to C$245.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Loblaw Companies has a consensus rating of “Moderate Buy” and a consensus price target of C$236.88.

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.