Insider Selling: Majestic Wine PLC (WINE) Insider Sells 100,000 Shares of Stock
Majestic Wine PLC (LON:WINE) insider Rowan Gormley sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of GBX 357 ($4.55), for a total transaction of £357,000 ($454,835.01).
Rowan Gormley also recently made the following trade(s):
- On Thursday, June 15th, Rowan Gormley sold 50,000 shares of Majestic Wine PLC stock. The stock was sold at an average price of GBX 346 ($4.41), for a total transaction of £173,000 ($220,410.24).
Majestic Wine PLC (LON:WINE) traded down 4.60% during midday trading on Monday, hitting GBX 321.50. 195,311 shares of the stock traded hands. The company has a 50-day moving average price of GBX 372.92 and a 200-day moving average price of GBX 342.27. The firm’s market cap is GBX 211.69 million. Majestic Wine PLC has a 1-year low of GBX 273.25 and a 1-year high of GBX 477.25.
The firm also recently disclosed a dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, June 22nd will be given a dividend of GBX 3.60 ($0.05) per share. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, June 22nd. This is a positive change from Majestic Wine PLC’s previous dividend of $1.50.
Several equities research analysts have recently issued reports on WINE shares. Liberum Capital reissued a “buy” rating and issued a GBX 380 ($4.84) price objective on shares of Majestic Wine PLC in a research report on Tuesday, April 11th. Shore Capital reissued a “buy” rating on shares of Majestic Wine PLC in a research report on Tuesday, April 11th. Peel Hunt reissued a “hold” rating and issued a GBX 300 ($3.82) price objective on shares of Majestic Wine PLC in a research report on Monday, March 27th. Canaccord Genuity increased their price objective on shares of Majestic Wine PLC from GBX 290 ($3.69) to GBX 306 ($3.90) and gave the stock a “sell” rating in a research report on Thursday, May 11th. Finally, Investec reissued a “buy” rating and issued a GBX 450 ($5.73) price objective on shares of Majestic Wine PLC in a research report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 375.20 ($4.78).
Majestic Wine PLC Company Profile
Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.
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