Walgreens Boots Alliance (NASDAQ:WBA) Shares Down 1.3%

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) dropped 1.3% during mid-day trading on Monday . The company traded as low as $11.32 and last traded at $11.35. Approximately 4,462,415 shares traded hands during trading, a decline of 70% from the average daily volume of 15,015,576 shares. The stock had previously closed at $11.50.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WBA shares. JPMorgan Chase & Co. decreased their price target on shares of Walgreens Boots Alliance from $30.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Evercore ISI cut their target price on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. SVB Leerink cut their target price on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, March 18th. Truist Financial cut their target price on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Finally, TD Cowen lowered their price objective on shares of Walgreens Boots Alliance from $35.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and an average target price of $17.71.

Walgreens Boots Alliance Trading Up 1.9 %

The stock has a 50-day simple moving average of $15.19 and a two-hundred day simple moving average of $19.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.65. The firm has a market cap of $10.12 billion, a PE ratio of -1.68, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.05). Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The business had revenue of $36.40 billion during the quarter, compared to the consensus estimate of $35.94 billion. During the same quarter last year, the company earned $1.00 EPS. Walgreens Boots Alliance’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Walgreens Boots Alliance, Inc. will post 2.87 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 8.53%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is -14.84%.

Institutional Investors Weigh In On Walgreens Boots Alliance

Institutional investors have recently bought and sold shares of the business. Highlander Capital Management LLC bought a new position in shares of Walgreens Boots Alliance during the 4th quarter valued at about $26,000. Pineridge Advisors LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC lifted its holdings in shares of Walgreens Boots Alliance by 1,241.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock valued at $28,000 after acquiring an additional 981 shares during the last quarter. Rocky Mountain Advisers LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at about $30,000. Finally, Quest Partners LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

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.