Loblaw Companies Limited (TSE:L) Senior Officer Sells C$783,700.00 in Stock

Loblaw Companies Limited (TSE:L - Get Free Report) Senior Officer Jeffrey Francis Leger sold 3,400 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$230.50, for a total transaction of C$783,700.00.

Jeffrey Francis Leger also recently made the following trade(s):

• On Thursday, May 22nd, Jeffrey Francis Leger sold 2,200 shares of Loblaw Companies stock. The stock was sold at an average price of C$225.00, for a total value of C$495,000.00.
• On Monday, May 5th, Jeffrey Francis Leger sold 2,000 shares of Loblaw Companies stock. The stock was sold at an average price of C$227.50, for a total value of C$455,000.00.

Loblaw Companies Stock Up 0.8%

Shares of TSE L traded up C$1.84 during midday trading on Friday, reaching C$232.70. 1,029,802 shares of the company's stock traded hands, compared to its average volume of 414,734. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. The company has a market cap of C$70.36 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 3.23 and a beta of 0.17. The stock's 50 day simple moving average is C$214.40 and its 200-day simple moving average is C$195.35. Loblaw Companies Limited has a one year low of C$152.51 and a one year high of C$235.17.

Loblaw Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, March 14th. Loblaw Companies's dividend payout ratio is currently 27.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on L shares. Royal Bank of Canada boosted their price objective on shares of Loblaw Companies from C$215.00 to C$234.00 in a research report on Monday, April 14th. UBS Group raised their price objective on Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday, May 1st. CIBC lifted their price objective on Loblaw Companies from C$208.00 to C$234.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Desjardins increased their target price on shares of Loblaw Companies from C$185.00 to C$230.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Scotiabank raised their target price 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.