Loblaw Companies Limited (TSE:L - Get Free Report) announced a quarterly dividend on Friday, June 13th, TickerTech Dividends reports. Investors of record on Tuesday, July 1st will be paid a dividend of 0.5643 per share on Tuesday, July 1st. This represents a $2.26 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, June 13th. This is a 10.0% increase from Loblaw Companies's previous quarterly dividend of $0.51.
Loblaw Companies Price Performance
L stock traded up C$1.79 during midday trading on Thursday, reaching C$222.96. The stock had a trading volume of 100,796 shares, compared to its average volume of 417,562. Loblaw Companies has a 52-week low of C$152.76 and a 52-week high of C$235.17. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. The company's fifty day simple moving average is C$218.13 and its 200 day simple moving average is C$197.81. The company has a market cap of C$67.41 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.
Insider Transactions at Loblaw Companies
In other news, Senior Officer Kieran Barry Columb sold 500 shares of Loblaw Companies stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$213.87, for a total value of C$106,932.55. Also, Senior Officer Frank Gambioli sold 1,304 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$213.87, for a total transaction of C$278,880.09. In the last quarter, insiders sold 27,328 shares of company stock worth $6,132,567. 53.77% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
L has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday, May 1st. Royal Bank of Canada lifted their price target on shares of Loblaw Companies from C$215.00 to C$234.00 in a research report on Monday, April 14th. TD Securities increased their price objective on Loblaw Companies from C$195.00 to C$245.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. National Bankshares raised their target price on Loblaw Companies from C$207.00 to C$234.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Desjardins upped their price target on Loblaw Companies from C$185.00 to C$230.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$236.88.
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About Loblaw Companies
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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.
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