Tesco PLC (LON:TSCO) Insider Ken Murphy Buys 39 Shares

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 39 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were acquired at an average price of GBX 355 ($4.60) per share, with a total value of £138.45 ($179.55).

Ken Murphy also recently made the following trade(s):

• On Friday, August 30th, Ken Murphy acquired 39 shares of Tesco stock. The stock was bought at an average price of GBX 353 ($4.58) per share, for a total transaction of £137.67 ($178.54).

Tesco Stock Performance

Shares of TSCO opened at GBX 348.20 ($4.52) on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.42. Tesco PLC has a 12 month low of GBX 268.70 ($3.48) and a 12 month high of GBX 373.90 ($4.85). The company’s fifty day moving average is GBX 357.82 and its 200-day moving average is GBX 326.42. The firm has a market cap of £23.71 billion, a price-to-earnings ratio of 1,289.63, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Tesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 4.25 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.2%. Tesco’s dividend payout ratio (DPR) is currently 4,814.81%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, September 3rd.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.