Insider Selling: Gregory D. Wasson Sells 24,279 Shares of Walgreen Company Stock (WAG)
Walgreen Company (NYSE:WAG) CEO Gregory D. Wasson sold 24,279 shares of Walgreen Company stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $60.06, for a total value of $1,458,196.74. Following the sale, the chief executive officer now directly owns 444,400 shares in the company, valued at approximately $26,690,664. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
WAG has been the subject of a number of recent research reports. Analysts at BB&T Corp. cut their price target on shares of Walgreen Company from $80.00 to $65.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Walgreen Company in a research note on Thursday. They now have a $62.00 price target on the stock, down previously from $74.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Walgreen Company in a research note on Thursday. They now have a $69.00 price target on the stock, down previously from $87.00. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $73.32.
Walgreen Company (NYSE:WAG) traded down 0.28% during mid-day trading on Friday, hitting $60.70. The stock had a trading volume of 26,909,936 shares. Walgreen Company has a 1-year low of $46.75 and a 1-year high of $76.39. The stock’s 50-day moving average is $71.32 and its 200-day moving average is $67.87. The company has a market cap of $58.063 billion and a P/E ratio of 20.77.
Walgreen Company (NYSE:WAG) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. The company had revenue of $19.40 billion for the quarter, compared to the consensus estimate of $19.33 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Walgreen Company will post $3.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Thursday, August 21st will be given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, August 19th. This is an increase from Walgreen Company’s previous quarterly dividend of $0.32.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.