Insider Selling: Loblaw Companies Ltd (L) Insider Sells 10,000 Shares of Stock
Loblaw Companies Ltd (TSE:L) insider Kieran Barry Columb sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of C$69.38, for a total value of C$693,800.00.
Kieran Barry Columb also recently made the following trade(s):
- On Thursday, August 16th, Kieran Barry Columb sold 21,523 shares of Loblaw Companies stock. The stock was sold at an average price of C$69.06, for a total value of C$1,486,378.38.
L opened at C$67.99 on Thursday. Loblaw Companies Ltd has a 52 week low of C$63.03 and a 52 week high of C$70.39.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Saturday, September 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, September 13th.
Several equities research analysts have weighed in on L shares. CIBC increased their price objective on Loblaw Companies from C$81.00 to C$82.00 in a report on Wednesday, September 5th. Desjardins raised their target price on Loblaw Companies from C$76.00 to C$77.00 in a research note on Thursday, July 26th. TD Securities raised their target price on Loblaw Companies from C$81.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Barclays raised their target price on Loblaw Companies from C$71.00 to C$75.00 and gave the company a “c$69.40” rating in a research note on Monday, July 23rd. Finally, Raymond James raised their target price on Loblaw Companies from C$82.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$78.44.
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
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