Vincent Joseph Galifi Sells 75,000 Shares of Magna International (MG) Stock

Magna International (TSE:MG) (NYSE:MGA) insider Vincent Joseph Galifi sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of C$82.92, for a total transaction of C$6,219,000.00.

Vincent Joseph Galifi also recently made the following trade(s):

  • On Wednesday, March 21st, Vincent Joseph Galifi sold 101,656 shares of Magna International stock. The stock was sold at an average price of C$73.84, for a total transaction of C$7,506,279.04.

TSE:MG opened at C$84.79 on Friday. Magna International has a 52 week low of C$57.12 and a 52 week high of C$84.77.

Magna International (TSE:MG) (NYSE:MGA) last posted its earnings results on Thursday, February 22nd. The company reported C$1.99 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.97 by C$0.02. Magna International had a net margin of 5.28% and a return on equity of 19.24%. The company had revenue of C$13.20 billion during the quarter, compared to analysts’ expectations of C$12.50 billion.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 25th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $1.32 dividend on an annualized basis and a yield of 1.56%.

Separately, BMO Capital Markets set a C$61.00 target price on shares of Magna International and gave the company a “market perform” rating in a research report on Thursday, January 18th.

About Magna International

Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers body systems, including exterior sheetmetal and closure systems, body structure systems, and energy management solutions; chassis systems, such as frames and chassis subframes, suspension links and arms, and chassis modules; and engineering services comprising support, program management, virtual tool, prototype build and validation, testing, and research and development services.

Insider Buying and Selling by Quarter for Magna International (TSE:MG)

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