Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Get Free Report) has received a consensus recommendation of “Reduce” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.36.
Several analysts recently issued reports on WBA shares. Truist Financial reiterated a “hold” rating and set a $25.00 price target on shares of Walgreens Boots Alliance in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Wednesday, April 3rd. SVB Leerink reduced their price target on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, March 18th. UBS Group reduced their price target on shares of Walgreens Boots Alliance from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, Leerink Partnrs restated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Monday, February 26th.
Check Out Our Latest Stock Analysis on WBA
Insider Buying and Selling
Hedge Funds Weigh In On Walgreens Boots Alliance
Several hedge funds and other institutional investors have recently bought and sold shares of WBA. Perigon Wealth Management LLC lifted its holdings in Walgreens Boots Alliance by 7.8% in the third quarter. Perigon Wealth Management LLC now owns 10,828 shares of the pharmacy operator’s stock valued at $241,000 after buying an additional 786 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Walgreens Boots Alliance by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 56,860 shares of the pharmacy operator’s stock valued at $1,265,000 after purchasing an additional 1,400 shares during the period. Money Concepts Capital Corp raised its holdings in shares of Walgreens Boots Alliance by 8.2% during the third quarter. Money Concepts Capital Corp now owns 80,317 shares of the pharmacy operator’s stock valued at $1,786,000 after purchasing an additional 6,078 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Walgreens Boots Alliance by 57.3% during the third quarter. Wealthfront Advisers LLC now owns 110,866 shares of the pharmacy operator’s stock valued at $2,466,000 after purchasing an additional 40,379 shares during the period. Finally, Lynwood Capital Management Inc. acquired a new position in shares of Walgreens Boots Alliance during the third quarter valued at about $556,000. Institutional investors and hedge funds own 58.59% of the company’s stock.
Walgreens Boots Alliance Stock Down 1.3 %
Shares of WBA opened at $16.47 on Thursday. Walgreens Boots Alliance has a 12 month low of $16.31 and a 12 month high of $32.89. The firm’s 50 day moving average is $18.65 and its 200-day moving average is $21.23. The stock has a market capitalization of $14.21 billion, a PE ratio of -2.35, a P/E/G ratio of 1.10 and a beta of 0.80. The company has a current ratio of 0.66, a quick ratio of 0.32 and a debt-to-equity ratio of 0.50.
Walgreens Boots Alliance (NASDAQ:WBA – Get Free Report) last posted its quarterly earnings results on Thursday, March 28th. The pharmacy operator reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.38. The business had revenue of $37.05 billion for the quarter, compared to analyst estimates of $35.86 billion. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. Equities research analysts forecast that Walgreens Boots Alliance will post 3.23 EPS for the current year.
Walgreens Boots Alliance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Tuesday, May 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 6.07%. Walgreens Boots Alliance’s dividend payout ratio is -14.29%.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
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