George Weston Limited (TSE:WN) Senior Officer Sells C$422,079.10 in Stock

George Weston Limited (TSE:WN) Senior Officer Andrew Michael Bunston sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total transaction of C$422,079.10.

Andrew Michael Bunston also recently made the following trade(s):

• On Monday, March 11th, Andrew Michael Bunston sold 1,606 shares of George Weston stock. The stock was sold at an average price of C$181.51, for a total transaction of C$291,506.51.

George Weston Trading Down 0.4 %

TSE WN opened at C$185.28 on Thursday. The company has a market cap of C$24.90 billion, a PE ratio of 17.24, a PEG ratio of 1.70 and a beta of 0.38. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23. George Weston Limited has a 12 month low of C$144.41 and a 12 month high of C$187.93. The stock has a 50 day moving average of C$176.22 and a 200-day moving average of C$164.36.

George Weston (TSE:WN) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The company had revenue of C$14.70 billion during the quarter. On average, equities research analysts anticipate that George Weston Limited will post 11.9980645 EPS for the current fiscal year.

George Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.713 per share. This represents a $2.85 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 14th. George Weston’s dividend payout ratio is 26.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WN. TD Securities raised their price target on shares of George Weston from C$205.00 to C$215.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. CIBC raised their price target on shares of George Weston from C$213.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. BMO Capital Markets increased their price objective on George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada increased their price objective on George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$201.00.

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.