Thomson Reuters (TSE:TRI) Insider The Woodbridge Company Limited Sells 120,000 Shares

Key Points

• The Woodbridge Company Limited sold 120,000 Thomson Reuters shares at an average C$148.19, generating C$17.78 million; it also sold an additional 145,000 shares in nearby transactions.
• Following the sales, Woodbridge still directly owned approximately 306.2 million shares, with the transactions reducing its ownership by just 0.04%.
• Analysts maintain a generally positive outlook, with a consensus “Buy” rating and an average target price of C$166.33, compared with the stock’s reported trading price of C$145.28.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI insider The Woodbridge Company Limited sold 120,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the transaction, the insider directly owned 306,223,126 shares in the company, valued at C$45,379,205,041.94. This trade represents a 0.04% decrease in their ownership of the stock.

The Woodbridge Company Limited also recently made the following trade(s):

• On Tuesday, August 25th, The Woodbridge Company Limited sold 80,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$145.64, for a total transaction of C$11,651,200.00.
• On Wednesday, August 26th, The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$145.38, for a total transaction of C$9,449,700.00.

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Thomson Reuters Price Performance

Shares of TSE TRI traded up C$3.14 during mid-day trading on Thursday, reaching C$145.28. 328,995 shares of the company traded hands, compared to its average volume of 806,096. Thomson Reuters Co. has a fifty-two week low of C$107.91 and a fifty-two week high of C$248.50. The firm has a market cap of C$62.94 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. The stock has a fifty day simple moving average of C$132.55 and a 200-day simple moving average of C$126.87. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.The firm had revenue of C$2.78 billion during the quarter. Equities research analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD lifted their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Scotia cut their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating for the company in a report on Wednesday, May 6th. Finally, National Bank Financial raised their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of "Buy" and a consensus target price of C$166.33.

About Thomson Reuters

Thomson Reuters TSX/Nasdaq: TRI powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.

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