George Weston Limited (TSE:WN) Senior Officer Buys C$20,539.00 in Stock

George Weston Limited (TSE:WN) Senior Officer Rashid Wasti bought 1,000 shares of George Weston stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of C$20.54 per share, with a total value of C$20,539.00.

Rashid Wasti also recently made the following trade(s):

• On Tuesday, September 17th, Rashid Wasti purchased 1,100 shares of George Weston stock. The shares were acquired at an average cost of C$21.99 per share, for a total transaction of C$24,189.99.
• On Monday, August 26th, Rashid Wasti bought 2,000 shares of George Weston stock. The shares were acquired at an average cost of C$21.67 per share, for a total transaction of C$43,340.00.
• On Wednesday, August 28th, Rashid Wasti sold 150 shares of George Weston stock. The stock was sold at an average price of C$222.51, for a total transaction of C$33,376.50.
• On Friday, August 23rd, Rashid Wasti purchased 1,500 shares of George Weston stock. The shares were bought at an average price of C$21.72 per share, with a total value of C$32,580.00.
• On Monday, August 19th, Rashid Wasti acquired 1,300 shares of George Weston stock. The stock was bought at an average price of C$21.63 per share, for a total transaction of C$28,119.00.
• On Thursday, August 15th, Rashid Wasti sold 150 shares of George Weston stock. The shares were sold at an average price of C$218.50, for a total transaction of C$32,775.00.
• On Wednesday, August 7th, Rashid Wasti acquired 1,500 shares of George Weston stock. The shares were purchased at an average price of C$21.34 per share, with a total value of C$32,010.00.
• On Tuesday, July 30th, Rashid Wasti sold 3,300 shares of George Weston stock. The shares were sold at an average price of C$215.00, for a total value of C$709,500.00.

George Weston Stock Performance

Shares of TSE:WN traded down C$0.17 during trading on Friday, reaching C$219.53. The stock had a trading volume of 948,382 shares, compared to its average volume of 127,651. The stock has a fifty day simple moving average of C$215.51 and a two-hundred day simple moving average of C$197.43. The company has a quick ratio of 0.73, a current ratio of 1.35 and a debt-to-equity ratio of 171.94. George Weston Limited has a 52 week low of C$144.41 and a 52 week high of C$229.22. The firm has a market capitalization of C$29.01 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 1.70 and a beta of 0.42.

George Weston (TSE:WN) last announced its earnings results on Tuesday, July 30th. The company reported C$2.93 EPS for the quarter. The firm 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, analysts anticipate that George Weston Limited will post 13.0771496 earnings per share for the current fiscal year.

George Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is 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 36.94%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WN. CIBC lifted their price target on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. 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 note on Wednesday, July 31st. Desjardins increased their price target on shares of George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Securities reduced their price objective on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$229.67.

About George Weston

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.