Loblaw Companies Ltd (TSE:L) announced a quarterly dividend on Thursday, December 13th, TickerTech reports. Stockholders of record on Sunday, December 30th will be given a dividend of 0.295 per share on Sunday, December 30th. This represents a $1.18 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, December 13th.
Shares of L traded down C$1.02 during mid-day trading on Friday, hitting C$61.01. 951,600 shares of the company traded hands, compared to its average volume of 662,117. Loblaw Companies has a one year low of C$50.22 and a one year high of C$63.19. The company has a debt-to-equity ratio of 123.99, a current ratio of 1.19 and a quick ratio of 0.61.
Loblaw Companies (TSE:L) last released its quarterly earnings results on Wednesday, November 14th. The company reported C$1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.41 by C$0.08. The company had revenue of C$14.45 billion for the quarter. On average, equities analysts anticipate that Loblaw Companies will post 4.38000014680769 EPS for the current fiscal year.
L has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of Loblaw Companies from C$75.00 to C$63.00 in a research note on Monday, November 12th. CIBC reduced their price objective on shares of Loblaw Companies from C$82.00 to C$69.00 in a research note on Thursday, November 8th. TD Securities cut their target price on shares of Loblaw Companies from C$82.00 to C$69.00 in a report on Friday, November 2nd. Desjardins increased their target price on shares of Loblaw Companies from C$62.00 to C$66.00 and gave the stock a “buy” rating in a report on Thursday, November 15th. Finally, BMO Capital Markets cut their target price on shares of Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating on the stock in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$68.22.
In related news, Director William Downe acquired 6,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average cost of C$60.85 per share, for a total transaction of C$365,100.00. Also, insider Kieran Barry Columb sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of C$68.56, for a total transaction of C$685,600.00. Over the last quarter, insiders have sold 107,242 shares of company stock valued at $6,455,615.
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Loblaw Companies Company Profile
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
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