Safeway SVP Sells $859,375 in Stock (SWY)
Safeway (NYSE:SWY) SVP Jerry Tidwell sold 27,500 shares of Safeway stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $31.25, for a total value of $859,375.00. Following the sale, the senior vice president now directly owns 23,959 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on SWY. Analysts at Credit Suisse upgraded shares of Safeway (NYSE:SWY) from an “underperform” rating to an “outperform” rating in a research note to investors on Friday, September 13th. Separately, analysts at Wolfe Research upgraded shares of Safeway (NYSE:SWY) to an “outperform” rating in a research note to investors on Monday, August 19th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Safeway (NYSE:SWY) in a research note to investors on Friday, August 16th. They now have a $28.00 price target on the stock.
Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.27.
Shares of Safeway (NYSE:SWY) traded down 0.29% on Thursday, hitting $31.26. 8,810,461 shares of the company’s stock traded hands. Safeway has a one year low of $15.00 and a one year high of $31.51. The stock’s 50-day moving average is $26.35 and its 200-day moving average is $25.03. The company has a market cap of $7.462 billion and a price-to-earnings ratio of 14.26. Safeway also was the target of some unusual options trading activity on Monday. Stock investors purchased 41,553 call options on the stock. This represents an increase of 782% compared to the typical volume of 4,711 call options.
Safeway (NYSE:SWY) last released its earnings data on Thursday, July 18th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.01. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Safeway will post $1.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, September 17th.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
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