Thomson Reuters (TSE:TRI) Insider The Woodbridge Company Limited Sells 65,000 Shares of Stock

Key Points

• The Woodbridge Company Limited sold 65,000 Thomson Reuters shares at an average price of C$145.38, generating C$9.45 million; its remaining stake totals approximately 306.1 million shares.
• Thomson Reuters shares rose 2.2% to C$145.28, while the company reported quarterly revenue of C$2.78 billion and earnings of C$1.41 per share.
• Analysts maintain a consensus “Buy” rating with an average price target of C$166.33, despite differing individual target adjustments.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI insider The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares of the company's stock, valued at C$44,499,818,657.88. The trade was a 0.02% 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 Tuesday, August 25th, The Woodbridge Company Limited sold 120,000 shares of Thomson Reuters stock. The shares were sold at an average price of C$148.19, for a total transaction of C$17,782,800.00.

Thomson Reuters Trading Up 2.2%

Shares of TSE:TRI traded up C$3.14 during trading on Thursday, reaching C$145.28. The company's stock had a trading volume of 328,995 shares, compared to its average volume of 806,096. The stock has a market capitalization 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. Thomson Reuters Co. has a 12 month low of C$107.91 and a 12 month high of C$248.50. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56. The firm's 50 day simple moving average is C$132.55 and its two-hundred day simple moving average is C$126.87.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings data 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 company had revenue of C$2.78 billion for the quarter. On average, research analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TRI shares. Scotia decreased their price target on Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating on the stock in a report on Wednesday, May 6th. TD lifted their price objective on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, National Bank Financial boosted 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 equities 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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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