Mary Alice Vuicic Sells 6,062 Shares of Thomson Reuters Co. (TSE:TRI) Stock

by · The Cerbat Gem

Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI) Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44.

Thomson Reuters Trading Down 0.4 %

TSE:TRI opened at C$230.12 on Friday. The firm has a market capitalization of C$103.49 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The company has a fifty day moving average of C$225.99 and a 200 day moving average of C$223.25. Thomson Reuters Co. has a 52 week low of C$163.01 and a 52 week high of C$242.92.

Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last posted its earnings results on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.06. The company had revenue of C$2.38 billion during the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. On average, research analysts predict that Thomson Reuters Co. will post 5.753 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio is currently 41.86%.

Analysts Set New Price Targets

TRI has been the subject of a number of recent research reports. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. TD Securities upped their price objective on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. National Bankshares lifted their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$190.14.

View Our Latest Research Report on Thomson Reuters

About Thomson Reuters

(Get Free Report)

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.

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