Insider Selling: Graham W. Atkinson Sells 24,304 Shares of Walgreen Stock (WAG)
Walgreen (NYSE:WAG) SVP Graham W. Atkinson sold 24,304 shares of Walgreen stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $58.05, for a total transaction of $1,410,847.20. Following the completion of the transaction, the senior vice president now directly owns 48,220 shares in the company, valued at approximately $2,799,171. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Walgreen (NYSE:WAG) traded up 0.30% during mid-day trading on Monday, hitting $57.40. 5,549,153 shares of the company’s stock traded hands. Walgreen has a 52-week low of $39.71 and a 52-week high of $62.24. The stock’s 50-day moving average is $58.0 and its 200-day moving average is $55.25. The company has a market cap of $54.540 billion and a price-to-earnings ratio of 20.09.
Walgreen (NYSE:WAG) last announced its earnings results on Friday, December 20th. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.72. The company had revenue of $18.30 billion for the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Walgreen will post $3.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 12th. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, February 13th.
WAG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Walgreen in a research note to investors on Friday. They now have a $61.00 price target on the stock. Separately, analysts at ISI Group upgraded shares of Walgreen from a “cautious” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $64.00 price target on the stock, up previously from $55.00. Finally, analysts at Ned Davis Research downgraded shares of Walgreen from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 30th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Walgreen presently has a consensus rating of “Buy” and a consensus target price of $61.26.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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