Walgreens Boots Alliance (NASDAQ:WBA) Sets New 1-Year Low at $49.12

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Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) reached a new 52-week low during trading on Thursday . The stock traded as low as $49.12 and last traded at $49.30, with a volume of 3871919 shares trading hands. The stock had previously closed at $50.41.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price objective on the stock. in a report on Monday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. ValuEngine raised shares of Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Morgan Stanley set a $61.00 price target on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a report on Tuesday, May 14th. Finally, BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.82.

The stock’s fifty day moving average is $54.27 and its 200-day moving average is $57.61. The stock has a market capitalization of $46.96 billion, a PE ratio of 8.19, a P/E/G ratio of 1.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.37.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $34.59 billion for the quarter, compared to the consensus estimate of $34.52 billion. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 earnings per share. On average, analysts forecast that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.458 per share. The ex-dividend date of this dividend is Monday, August 19th. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. This represents a $1.83 dividend on an annualized basis and a yield of 3.72%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

A number of large investors have recently bought and sold shares of the business. Comerica Securities Inc. raised its position in Walgreens Boots Alliance by 23.7% during the 4th quarter. Comerica Securities Inc. now owns 16,457 shares of the pharmacy operator’s stock worth $1,124,000 after purchasing an additional 3,154 shares during the last quarter. Geode Capital Management LLC raised its position in Walgreens Boots Alliance by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock worth $786,522,000 after purchasing an additional 834,241 shares during the last quarter. Steinberg Global Asset Management bought a new position in Walgreens Boots Alliance during the 1st quarter worth $224,000. Gemmer Asset Management LLC raised its position in Walgreens Boots Alliance by 37.7% during the 1st quarter. Gemmer Asset Management LLC now owns 825 shares of the pharmacy operator’s stock worth $52,000 after purchasing an additional 226 shares during the last quarter. Finally, Northpointe Capital LLC raised its position in shares of Walgreens Boots Alliance by 12.7% in the 1st quarter. Northpointe Capital LLC now owns 52,001 shares of the pharmacy operator’s stock worth $3,290,000 after acquiring an additional 5,851 shares in the last quarter. Institutional investors own 61.97% of the company’s stock.

Walgreens Boots Alliance Company Profile (NASDAQ:WBA)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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