George Weston Limited (TSE:WN) Senior Officer Sells C$33,376.50 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti sold 150 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50.

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

• On Monday, August 26th, Rashid Wasti acquired 2,000 shares of George Weston stock. The stock was bought at an average price of C$21.67 per share, with a total value of C$43,340.00.
• On Friday, August 23rd, Rashid Wasti bought 1,500 shares of George Weston stock. The shares were acquired at an average cost of C$21.72 per share, for a total transaction of C$32,580.00.
• On Monday, August 19th, Rashid Wasti bought 1,300 shares of George Weston stock. The shares were purchased at an average price of C$21.63 per share, for a total transaction of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The stock was 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 shares were bought at an average cost 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 stock was sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Stock Performance

George Weston stock opened at C$219.19 on Friday. The company has a market cap of C$28.96 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. George Weston Limited has a twelve month low of C$144.41 and a twelve month high of C$222.67. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. The company’s 50-day moving average price is C$209.71 and its 200-day moving average price is C$193.08.

George Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be issued a $0.82 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.28 annualized dividend and a dividend yield of 1.50%. George Weston’s dividend payout ratio (DPR) is presently 36.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WN. CIBC increased their price target on shares of 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 boosted their target price on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. TD Securities cut their price target 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. Scotiabank upped their target price on shares of 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. Finally, Desjardins boosted their price objective on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.