Insider Selling: George Weston Limited (TSE:WN) Senior Officer Sells C$1,107,420.50 in Stock

George Weston Limited (TSE:WN) Senior Officer Richard Dufresne sold 5,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$221.48, for a total value of C$1,107,420.50.

Richard Dufresne also recently made the following trade(s):

• On Tuesday, September 3rd, Richard Dufresne sold 5,000 shares of George Weston stock. The stock was sold at an average price of C$218.51, for a total value of C$1,092,546.00.
• On Friday, August 30th, Richard Dufresne sold 2,700 shares of George Weston stock. The shares were sold at an average price of C$218.89, for a total transaction of C$591,000.03.

George Weston Price Performance

Shares of WN stock opened at C$224.24 on Thursday. The firm has a fifty day moving average of C$213.60 and a two-hundred day moving average of C$195.87. The firm has a market cap of C$29.63 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.70 and a beta of 0.42. George Weston Limited has a 1-year low of C$144.41 and a 1-year high of C$224.44. The company has a debt-to-equity ratio of 171.94, a current ratio of 1.35 and a quick ratio of 0.73.

George Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.28 dividend on an annualized basis and a yield of 1.46%. George Weston’s dividend payout ratio (DPR) is 36.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Desjardins upped their target price on shares of George Weston from C$212.00 to C$232.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. CIBC raised their target price on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, TD Securities reduced their price target on 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.