Insider Buying: George Weston Limited (TSE:WN) Senior Officer Buys C$20,539.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were bought at an average price of C$20.54 per share, with a total value of C$20,539.00.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, September 17th, Rashid Wasti purchased 1,100 shares of George Weston stock. The shares were bought at an average price of C$21.99 per share, with a total value of C$24,189.99.
• On Monday, August 26th, Rashid Wasti purchased 2,000 shares of George Weston stock. The shares were bought at an average price of C$21.67 per share, with a total value of C$43,340.00.
• On Wednesday, August 28th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$222.51, for a total value of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti acquired 1,500 shares of George Weston stock. The stock was acquired at an average price of C$21.72 per share, with a total value of C$32,580.00.
• On Monday, August 19th, Rashid Wasti acquired 1,300 shares of George Weston stock. The stock was acquired at an average price of C$21.63 per share, with a total value of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$218.50, for a total value of C$32,775.00.
• On Wednesday, August 7th, Rashid Wasti acquired 1,500 shares of George Weston stock. The stock was acquired at an average price of C$21.34 per share, with a total value of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Stock Performance

Shares of WN opened at C$219.53 on Monday. The stock’s 50-day simple moving average is C$215.74 and its 200 day simple moving average is C$197.89. The stock has a market capitalization of C$29.01 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35. George Weston Limited has a 52-week low of C$144.41 and a 52-week high of C$229.22.

George Weston (TSE:WN) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$2.93 earnings per share (EPS) for the quarter. The business had revenue of C$14.09 billion for the quarter. George Weston had a return on equity of 17.52% and a net margin of 2.06%. Research analysts forecast that George Weston Limited will post 13.0828367 EPS for the current fiscal year.

George Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a yield of 1.49%. George Weston’s dividend payout ratio (DPR) is 36.90%.

Analysts Set New Price Targets

WN has been the subject of a number of recent analyst reports. Desjardins upped their price objective on George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Securities dropped their price target on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets upped their price target on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, CIBC upped their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, George Weston currently has an average rating of “Moderate Buy” and a consensus price target of C$229.67.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.