Kieran Barry Columb Sells 5,500 Shares of Loblaw Companies Limited (TSE:L) Stock

Loblaw Companies Limited (TSE:LGet Free Report) Senior Officer Kieran Barry Columb sold 5,500 shares of Loblaw Companies stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$162.00, for a total transaction of C$891,000.00.

Kieran Barry Columb also recently made the following trade(s):

  • On Wednesday, May 8th, Kieran Barry Columb sold 13,100 shares of Loblaw Companies stock. The stock was sold at an average price of C$157.12, for a total transaction of C$2,058,249.73.
  • On Tuesday, March 19th, Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00.

Loblaw Companies Stock Performance

TSE L opened at C$160.93 on Friday. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. Loblaw Companies Limited has a 1-year low of C$110.52 and a 1-year high of C$164.94. The firm has a market capitalization of C$49.47 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.53 and a beta of 0.12. The business’s 50-day simple moving average is C$153.62 and its 200-day simple moving average is C$141.13.

Loblaw Companies (TSE:LGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.70 by C$0.02. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. The firm had revenue of C$13.58 billion for the quarter, compared to analysts’ expectations of C$13.29 billion. Equities analysts predict that Loblaw Companies Limited will post 8.3923706 EPS for the current year.

Loblaw Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, July 1st will be given a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.28%. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 14th. Loblaw Companies’s dividend payout ratio is 31.01%.

Analyst Upgrades and Downgrades

L has been the topic of several analyst reports. Desjardins raised their price objective on Loblaw Companies from C$148.00 to C$157.00 and gave the stock a “hold” rating in a report on Monday, April 29th. CIBC lifted their price target on Loblaw Companies from C$159.00 to C$171.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. TD Securities raised their target price on shares of Loblaw Companies from C$168.00 to C$172.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Scotiabank upped their price target on shares of Loblaw Companies from C$148.27 to C$161.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Loblaw Companies has an average rating of “Moderate Buy” and a consensus price target of C$162.43.

Check Out Our Latest Research Report on L

Loblaw Companies Company Profile

(Get Free Report)

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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Insider Buying and Selling by Quarter for Loblaw Companies (TSE:L)

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