Winpak Ltd. (WPK) Director Timothy Lee Johnson Sells 5,743 Shares
Winpak Ltd. (TSE:WPK) Director Timothy Lee Johnson sold 5,743 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$53.00, for a total transaction of C$304,379.00.
Shares of Winpak Ltd. (WPK) traded up 1.82% during trading on Monday, reaching $53.77. 7,524 shares of the company traded hands. The firm has a market capitalization of $3.50 billion and a price-to-earnings ratio of 32.69. The company has a 50 day moving average price of $56.17 and a 200 day moving average price of $54.51. Winpak Ltd. has a 12-month low of $42.47 and a 12-month high of $61.43.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. This is an increase from Winpak’s previous quarterly dividend of $0.02.
WPK has been the topic of a number of analyst reports. Scotiabank set a C$60.00 target price on shares of Winpak and gave the company an “outperform” rating in a research note on Friday, July 28th. TD Securities lowered shares of Winpak from a “buy” rating to a “hold” rating and boosted their price target for the company from C$58.00 to C$61.00 in a research report on Monday, May 1st. Raymond James Financial, Inc. upped their target price on shares of Winpak from C$51.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Finally, CIBC lowered shares of Winpak from an “outperform” rating to a “neutral” rating and set a C$60.00 target price on the stock. in a research report on Tuesday, June 27th.
Winpak Company Profile
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers flexible packaging products, such as barrier shrink bags, modified atmosphere packaging products, rollstock and specialty films, zipper stand-up pouches, and vacuum pouches.
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