Thomson Reuters (TSE:TRI) Insider David Franklin Wong Sells 2,701 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider David Franklin Wong sold 2,701 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total value of C$377,572.79. Following the completion of the transaction, the insider owned 19,147 shares of the company’s stock, valued at C$2,676,559.13. This trade represents a 12.36% decrease in their position.

David Franklin Wong also recently made the following trade(s):

• On Thursday, August 6th, David Franklin Wong sold 299 shares of Thomson Reuters stock. The stock was sold at an average price of C$139.82, for a total value of C$41,806.18.

Thomson Reuters Stock Performance

Shares of TSE:TRI traded up C$1.72 during midday trading on Friday, reaching C$141.85. The company had a trading volume of 329,427 shares, compared to its average volume of 823,381. The stock has a market cap of C$61.92 billion, a P/E ratio of 41.08, a P/E/G ratio of 3.64 and a beta of 0.08. The company’s 50 day moving average price is C$124.88 and its 200 day moving average price is C$127.84. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71. Thomson Reuters Co. has a 52-week low of C$107.91 and a 52-week high of C$251.55.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The business had revenue of C$2.78 billion during the quarter. As a group, sell-side analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRI. Argus upgraded Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. TD lifted their price objective on Thomson Reuters from C$185.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday. Scotia lowered their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, National Bank Financial upped their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$166.33.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.