Alannah Elizabeth Weston Sells 36,865 Shares of George Weston Limited (TSE:WN) Stock

George Weston Limited (TSE:WN) Director Alannah Elizabeth Weston sold 36,865 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$226.64, for a total value of C$8,355,124.15.

George Weston Stock Performance

George Weston stock opened at C$219.60 on Friday. The firm has a market capitalization of C$29.02 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. George Weston Limited has a one year low of C$144.41 and a one year high of C$229.22. The stock’s 50 day moving average price is C$218.58 and its 200 day moving average price is C$200.66. The company has a debt-to-equity ratio of 171.94, a quick ratio of 0.73 and a current ratio of 1.35.

George Weston (TSE:WN) last posted its earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. The business had revenue of C$14.09 billion for the quarter. George Weston had a net margin of 2.06% and a return on equity of 17.52%. As a group, sell-side analysts expect that George Weston Limited will post 13.0134582 EPS for the current fiscal year.

George Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.28 annualized dividend and a dividend yield of 1.49%. George Weston’s dividend payout ratio is presently 36.90%.

Analyst Ratings Changes

WN has been the topic of a number of research reports. TD Securities cut their price objective on George Weston from C$246.00 to C$242.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets raised their price target on shares of George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Desjardins lifted their price target 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. Finally, CIBC increased their price objective on shares of George Weston from C$235.00 to C$254.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. 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, the stock 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.