Loblaw Companies Limited (TSE:L) Senior Officer Sells C$2,109,706.39 in Stock

Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb sold 11,309 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total transaction of C$2,109,706.39.

Loblaw Companies Price Performance

L stock opened at C$184.24 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. Loblaw Companies Limited has a 12 month low of C$141.59 and a 12 month high of C$196.49. The firm has a market cap of C$55.70 billion, a P/E ratio of 25.01, a P/E/G ratio of 3.23 and a beta of 0.17. The company’s 50-day moving average price is C$183.31 and its two-hundred day moving average price is C$180.94.

Loblaw Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.83%.

Analysts Set New Price Targets

A number of research firms recently commented on L. CIBC raised their price target on shares of Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Desjardins raised their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Royal Bank of Canada raised their price target on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. TD Securities decreased their target price on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, National Bankshares raised their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$199.38.

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.