Insider Selling: George Weston Limited (TSE:WN) Senior Officer Sells C$709,500.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of C$215.00, for a total value of C$709,500.00.

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

• On Wednesday, May 22nd, Rashid Wasti sold 1,307 shares of George Weston stock. The shares were sold at an average price of C$193.25, for a total value of C$252,577.75.

George Weston Trading Down 0.6 %

Shares of George Weston stock opened at C$210.23 on Tuesday. The firm has a market cap of C$28.12 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.70 and a beta of 0.38. The business has a 50-day moving average price of C$200.70 and a 200-day moving average price of C$187.32. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. George Weston Limited has a twelve month low of C$144.41 and a twelve month high of C$217.28.

George Weston (TSE:WN) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. The firm had revenue of C$13.74 billion during the quarter. Equities research analysts anticipate that George Weston Limited will post 12.1466667 EPS for the current fiscal year.

George Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, September 13th. George Weston’s payout ratio is 34.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WN. Scotiabank increased their price target on George Weston from C$200.00 to C$212.00 and gave the company a “sector perform” rating in a report on Monday, May 6th. CIBC increased their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. TD Securities reduced their price objective on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Desjardins increased their price target on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$229.67.

George Weston Company Profile

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.