Walgreen Company SVP Robert G. Zimmerman Sells 26,201 Shares (WAG)
Walgreen Company (NYSE:WAG) SVP Robert G. Zimmerman unloaded 26,201 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $66.07, for a total transaction of $1,731,100.07. Following the sale, the senior vice president now directly owns 53,974 shares in the company, valued at approximately $3,566,062. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on WAG shares. Analysts at Mizuho raised their price target on shares of Walgreen Company from $74.00 to $78.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated an “overweight” rating on shares of Walgreen Company in a research note on Tuesday. They now have a $75.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Walgreen Company from $52.00 to $75.00 in a research note on Monday, April 7th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.92.
Shares of Walgreen Company (NYSE:WAG) traded up 0.89% on Friday, hitting $66.75. 6,221,164 shares of the company’s stock traded hands. Walgreen Company has a 52 week low of $43.31 and a 52 week high of $69.84. The stock has a 50-day moving average of $66.2 and a 200-day moving average of $60.88. The company has a market cap of $63.702 billion and a price-to-earnings ratio of 23.30.
Walgreen Company (NYSE:WAG) last announced its earnings results on Tuesday, March 25th. The company reported $0.91 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.02. The company had revenue of $19.60 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company posted $0.96 earnings per share. Walgreen Company’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Walgreen Company will post $3.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, May 19th.
Walgreen Co (NYSE:WAG) together with its subsidiaries, operates the drugstore chain in the United States.
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