Magna International (MG) Director Donald James Walker Sells 50,000 Shares of Stock
Magna International (TSE:MG) (NYSE:MGA) Director Donald James Walker sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of C$74.17, for a total transaction of C$3,708,500.00.
Donald James Walker also recently made the following trade(s):
- On Monday, March 19th, Donald James Walker sold 100,000 shares of Magna International stock. The stock was sold at an average price of C$72.12, for a total transaction of C$7,212,000.00.
Magna International (MG) traded down C$0.58 on Friday, reaching C$69.85. 595,395 shares of the company’s stock were exchanged, compared to its average volume of 1,048,858. Magna International has a one year low of C$52.63 and a one year high of C$74.86. The stock has a market capitalization of $26,150.00, a PE ratio of 9.15 and a beta of 1.02.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.406 dividend. This is a positive change from Magna International’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, March 8th. This represents a $1.62 annualized dividend and a dividend yield of 2.32%. Magna International’s dividend payout ratio (DPR) is 14.11%.
Separately, BMO Capital Markets set a C$61.00 price objective on shares of Magna International and gave the company a “market perform” rating in a report on Thursday, January 18th.
About Magna International
Magna International Inc (Magna) is a global automotive supplier. The Company’s segments are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.
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