Insider Buying: George Weston Limited (WN) Insider Buys C$36,179.50 in Stock

George Weston Limited (TSE:WN) insider Rashid Wasti purchased 350 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were purchased at an average cost of C$103.37 per share, for a total transaction of C$36,179.50.

Rashid Wasti also recently made the following trade(s):

  • On Thursday, May 24th, Rashid Wasti purchased 200 shares of George Weston stock. The shares were purchased at an average cost of C$103.30 per share, for a total transaction of C$20,660.00.
  • On Wednesday, May 9th, Rashid Wasti purchased 150 shares of George Weston stock. The shares were purchased at an average cost of C$103.70 per share, for a total transaction of C$15,555.00.
  • On Wednesday, March 21st, Rashid Wasti purchased 150 shares of George Weston stock. The shares were purchased at an average cost of C$104.51 per share, for a total transaction of C$15,676.50.
  • On Monday, March 19th, Rashid Wasti purchased 150 shares of George Weston stock. The shares were purchased at an average cost of C$104.24 per share, for a total transaction of C$15,636.00.
  • On Monday, March 12th, Rashid Wasti sold 6,116 shares of George Weston stock. The shares were sold at an average price of C$105.85, for a total transaction of C$647,378.60.

Shares of George Weston traded up C$0.86, reaching C$104.28, on Friday, MarketBeat Ratings reports. 97,200 shares of the company were exchanged, compared to its average volume of 128,976. George Weston Limited has a one year low of C$100.62 and a one year high of C$123.79.

George Weston (TSE:WN) last released its quarterly earnings data on Friday, March 2nd. The company reported C$1.78 earnings per share (EPS) for the quarter. The company had revenue of C$11.41 billion for the quarter. George Weston had a net margin of 6.17% and a return on equity of 19.44%.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, June 14th. This is a boost from George Weston’s previous quarterly dividend of $0.46.

WN has been the topic of a number of research analyst reports. CIBC cut their price target on shares of George Weston from C$119.00 to C$115.00 in a research report on Monday, March 5th. Royal Bank of Canada cut their price target on shares of George Weston from C$142.00 to C$137.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Barclays increased their price objective on shares of George Weston from C$108.00 to C$109.00 in a research report on Monday, March 5th. Finally, Scotiabank cut their price objective on shares of George Weston from C$115.00 to C$111.00 and set a “sector perform” rating on the stock in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$119.83.

About George Weston

George Weston Limited engages in the food processing and distribution business in Canada and internationally. The company's Weston Foods segment produces fresh, frozen, and specialty bakery products, such as breads, rolls, bagels, flatbreads, rye bread, tortillas, doughnuts, cakes, pies, cookies, crackers, and other baked goods through national and regional supermarkets, wholesale and club stores, dollar stores, convenience stores, food service distributors, and outlets.

Insider Buying and Selling by Quarter for George Weston (TSE:WN)

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