Kieran Barry Columb Sells 11,309 Shares of Loblaw Companies Limited (TSE:L) Stock

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

Loblaw Companies Stock Performance

L opened at C$187.43 on Thursday. Loblaw Companies Limited has a 1-year low of C$141.59 and a 1-year high of C$196.49. The stock has a market cap of C$56.67 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.23 and a beta of 0.17. The stock’s 50 day simple moving average is C$183.23 and its 200 day simple moving average is C$181.04. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68.

Loblaw Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.83%.

Analysts Set New Price Targets

Several equities analysts have issued reports on L shares. UBS Group dropped their price objective on shares of Loblaw Companies from C$225.00 to C$210.00 in a research note on Friday, February 21st. National Bankshares boosted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. CIBC raised their price objective on shares of Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Desjardins boosted their target price on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada raised their price target on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus target price 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.