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 George Weston stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of C$215.00, for a total transaction 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 transaction of C$252,577.75.

George Weston Price Performance

WN stock traded down C$1.23 during trading on Friday, hitting C$210.23. 103,910 shares of the stock traded hands, compared to its average volume of 123,378. George Weston Limited has a one year low of C$144.41 and a one year high of C$217.28. The stock has a market cap of C$28.12 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.25, a quick ratio of 0.73 and a debt-to-equity ratio of 159.31. The company has a 50 day simple moving average of C$200.70 and a 200 day simple moving average of C$187.19.

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

George Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be paid 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 of this dividend is Friday, September 13th. George Weston’s dividend payout ratio is presently 34.64%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WN. BMO Capital Markets lifted 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 report on Wednesday. CIBC lifted 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. Scotiabank lifted their price target 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. TD Securities cut their price target on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, 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 report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, George Weston currently has a consensus rating of “Moderate Buy” and an average target price 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.