Investors Purchase Large Volume of Call Options on Safeway (SWY)
Shares of Safeway (NYSE:SWY) was the target of unusually large options trading on Monday. Stock investors bought 7,426 call options on the company, American Banking News reports. This represents an increase of approximately 124% compared to the typical volume of 3,312 call options.
In other Safeway news, SVP Jerry Tidwell sold 27,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $31.25, for a total value of $859,375.00. Following the transaction, the senior vice president now directly owns 23,959 shares in the company, valued at approximately $748,719. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SWY. Analysts at Barclays Capital upgraded shares of Safeway (NYSE:SWY) to an “equal weight” rating in a research note to investors on Monday. Separately, 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. Finally, analysts at Wolfe Research upgraded shares of Safeway (NYSE:SWY) to an “outperform” rating in a research note to investors on Monday, August 19th.
Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.90.
Shares of Safeway (NYSE:SWY) opened at 31.62 on Tuesday. Safeway has a 52-week low of $15.00 and a 52-week high of $31.79. The stock’s 50-day moving average is $26.85 and its 200-day moving average is $25.2. The company has a market cap of $7.548 billion and a price-to-earnings ratio of 14.39.
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 last year, the company posted $0.50 earnings per share. Safeway’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Safeway will post $1.08 earnings per share 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 2.53%. The ex-dividend date of this dividend is Tuesday, September 17th.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.