Karen L. Hirsh Sells 726 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Karen L. Hirsh sold 726 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$166.50, for a total value of C$120,879.00.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$231.51 on Thursday. The stock’s fifty day moving average is C$228.80 and its 200-day moving average is C$213.47. The company has a debt-to-equity ratio of 37.11, a quick ratio of 0.52 and a current ratio of 0.97. The stock has a market capitalization of C$104.30 billion, a PE ratio of 32.94, a PEG ratio of 3.64 and a beta of 0.38. 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) (NYSE:TRI) last announced its earnings results on Thursday, May 2nd. The company reported C$1.50 EPS for the quarter, topping the consensus estimate of C$1.27 by C$0.23. The company had revenue of C$2.54 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. Equities research analysts expect that Thomson Reuters Co. will post 5.0831533 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were issued a $0.73 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.92 annualized dividend and a yield of 1.26%. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.94%.

Analysts Set New Price Targets

TRI has been the subject of several recent analyst reports. National Bankshares increased their price objective on Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday, May 3rd. TD Securities increased their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$183.89.

Thomson Reuters Company Profile

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.