Winpak Ltd. (WPK) Director Sells C$304,379.00 in Stock
Winpak Ltd. (TSE:WPK) Director Timothy Lee Johnson sold 5,743 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of C$53.00, for a total transaction of C$304,379.00.
Winpak Ltd. (TSE WPK) opened at 53.70 on Wednesday. The stock’s 50 day moving average is $55.75 and its 200 day moving average is $54.69. Winpak Ltd. has a 12-month low of $42.47 and a 12-month high of $61.43. The stock has a market capitalization of $3.49 billion and a PE ratio of 32.64.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be paid a $0.03 dividend. The ex-dividend date is Friday, September 29th. This is a boost from Winpak’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%.
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Several research firms have recently weighed in on WPK. CIBC cut shares of Winpak from an “outperform” rating to a “neutral” rating and set a C$60.00 price objective for the company. in a report on Tuesday, June 27th. TD Securities cut shares of Winpak from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$58.00 to C$61.00 in a report on Monday, May 1st. Raymond James Financial, Inc. boosted their price objective on shares of Winpak from C$56.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, Scotiabank boosted their price objective on shares of Winpak from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, April 28th.
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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