Insider Selling: George Weston (TSE:WN) Insider Sells C$2,009,400.00 in Stock

Key Points

• George Weston insider Richard Dufresne sold 20,000 shares at an average price of C$100.47, generating C$2.01 million and reducing his ownership by 50.11% to 19,911 shares. He also reported three other sales totaling 50,000 shares earlier in September.
• George Weston shares traded at C$100.65, with a market capitalization of approximately C$37.66 billion; the stock remains below its 12-month high of C$107.94.
• Analyst sentiment is moderately bullish: BMO Capital Markets upgraded the stock to “outperform” and raised its target to C$113, while the analyst consensus is “Moderate Buy.”

George Weston Limited (TSE:WN - Get Free Report) insider Richard Dufresne sold 20,000 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$100.47, for a total value of C$2,009,400.00. Following the sale, the insider owned 19,911 shares of the company's stock, valued at C$2,000,458.17. The trade was a 50.11% decrease in their ownership of the stock.

Richard Dufresne also recently made the following trade(s):

• On Thursday, September 17th, Richard Dufresne sold 10,000 shares of George Weston stock. The shares were sold at an average price of C$101.04, for a total value of C$1,010,400.00.
• On Tuesday, September 1st, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$98.56, for a total value of C$1,971,200.00.
• On Friday, September 4th, Richard Dufresne sold 20,000 shares of George Weston stock. The stock was sold at an average price of C$101.33, for a total value of C$2,026,600.00.

George Weston Price Performance

TSE:WN traded up C$1.31 during trading hours on Monday, hitting C$100.65. The company's stock had a trading volume of 181,638 shares, compared to its average volume of 325,076. The stock has a fifty day simple moving average of C$100.99 and a 200-day simple moving average of C$99.38. The company has a market capitalization of C$37.66 billion, a P/E ratio of 39.47, a PEG ratio of 5.03 and a beta of 0.24. The company has a debt-to-equity ratio of 438.92, a current ratio of 1.05 and a quick ratio of 0.73. George Weston Limited has a twelve month low of C$82.77 and a twelve month high of C$107.94.

George Weston (TSE:WN - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported C$1.08 EPS for the quarter. The firm had revenue of C$15.20 billion during the quarter. George Weston had a return on equity of 20.42% and a net margin of 1.59%. On average, analysts anticipate that George Weston Limited will post 13.0245758 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised shares of George Weston from a "hold" rating to an "outperform" rating and boosted their target price for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$113.00.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston's ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.