Walgreen Company Target of Unusually Large Options Trading (WAG)
Shares of Walgreen Company (NYSE:WAG) saw some unusual options trading on Monday. Stock traders acquired 9,709 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 108% compared to the typical daily volume of 4,679 put options.
WAG has been the subject of a number of recent research reports. Analysts at Cowen and Company downgraded shares of Walgreen Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 14th. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Walgreen Company in a research note on Monday, May 12th. They now have a $75.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Walgreen Company in a research note on Wednesday, April 30th. They now have a $69.00 price target on the stock, up previously from $62.00. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.41.
Shares of Walgreen Company (NYSE:WAG) traded up 3.09% during mid-day trading on Monday, hitting $69.54. 8,322,623 shares of the company’s stock traded hands. Walgreen Company has a 52-week low of $43.31 and a 52-week high of $71.02. The stock has a 50-day moving average of $67.10 and a 200-day moving average of $62.54. The company has a market cap of $66.364 billion and a P/E ratio of 23.75.
Walgreen Company (NYSE:WAG) last issued its quarterly earnings data 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. Analysts expect that Walgreen Company will post $3.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 12th. Investors of record on Wednesday, May 21st will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Monday, May 19th.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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