Insider Selling: Thomson Reuters Co. (TSE:TRI) Director Sells 4,101 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Linda Walker sold 4,101 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$133.26, for a total value of C$546,499.26.

Thomson Reuters Stock Performance

Shares of TRI traded up C$2.30 during mid-day trading on Monday, reaching C$190.66. The company’s stock had a trading volume of 366,372 shares, compared to its average volume of 326,267. Thomson Reuters Co. has a 1-year low of C$151.02 and a 1-year high of C$191.52. The stock has a market cap of C$86.84 billion, a P/E ratio of 29.11, a PEG ratio of 2.53 and a beta of 0.34. The business has a 50-day simple moving average of C$172.93 and a two-hundred day simple moving average of C$172.63. The company has a current ratio of 1.05, a quick ratio of 0.52 and a debt-to-equity ratio of 40.94.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be issued a dividend of $0.68 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.65. This represents a $2.72 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TRI shares. TD Securities decreased their price objective on Thomson Reuters from C$190.00 to C$185.00 and set a “hold” rating for the company in a report on Thursday, November 2nd. Citigroup raised their price target on Thomson Reuters from C$145.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. National Bankshares decreased their price target on Thomson Reuters from C$186.00 to C$180.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. National Bank Financial decreased their price target on Thomson Reuters from C$194.00 to C$186.00 in a research note on Friday, September 8th. Finally, Royal Bank of Canada decreased their price target on Thomson Reuters from C$136.00 to C$133.00 and set a “sector perform” rating for the company in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$175.71.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.