Walgreens Boots Alliance, Inc. (WBA) Rating Lowered to Strong Sell at BidaskClub
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
Several other research firms have also recently weighed in on WBA. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, April 6th. Jefferies Group LLC restated a “buy” rating and set a $95.00 price target on shares of Walgreens Boots Alliance in a report on Thursday, April 6th. Zacks Investment Research upgraded Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Robert W. Baird restated an “outperform” rating and set a $96.00 price target on shares of Walgreens Boots Alliance in a report on Monday, March 27th. Finally, Barclays PLC set a $79.00 price target on Walgreens Boots Alliance and gave the company a “hold” rating in a report on Saturday, April 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.62.
Walgreens Boots Alliance (NASDAQ WBA) traded down 0.04% during mid-day trading on Friday, reaching $76.34. The company had a trading volume of 9,741,171 shares. The firm has a 50-day moving average of $82.60 and a 200 day moving average of $83.69. Walgreens Boots Alliance has a 1-year low of $75.18 and a 1-year high of $88.00. The company has a market capitalization of $82.52 billion, a PE ratio of 19.62 and a beta of 1.20.
Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings results on Wednesday, April 5th. The pharmacy operator reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $29.45 billion during the quarter, compared to analysts’ expectations of $30.17 billion. Walgreens Boots Alliance had a return on equity of 16.86% and a net margin of 3.66%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. On average, analysts predict that Walgreens Boots Alliance will post $4.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Thursday, May 18th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, May 16th. Walgreens Boots Alliance’s dividend payout ratio is currently 38.36%.
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In related news, Director William C. Foote sold 2,736 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $85.89, for a total transaction of $234,995.04. Following the completion of the sale, the director now directly owns 21,887 shares of the company’s stock, valued at approximately $1,879,874.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.50% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Walgreens Boots Alliance by 1.4% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180,254 shares of the pharmacy operator’s stock worth $14,532,000 after buying an additional 2,465 shares in the last quarter. Gluskin Sheff & Assoc Inc. raised its stake in shares of Walgreens Boots Alliance by 11.9% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 318,140 shares of the pharmacy operator’s stock worth $26,492,000 after buying an additional 33,707 shares in the last quarter. Tompkins Financial raised its stake in shares of Walgreens Boots Alliance by 1.6% in the fourth quarter. Tompkins Financial now owns 41,117 shares of the pharmacy operator’s stock worth $3,501,000 after buying an additional 645 shares in the last quarter. Gibraltar Capital Management raised its stake in shares of Walgreens Boots Alliance by 7.5% in the fourth quarter. Gibraltar Capital Management now owns 43,190 shares of the pharmacy operator’s stock worth $3,678,000 after buying an additional 3,015 shares in the last quarter. Finally, Cim LLC raised its stake in shares of Walgreens Boots Alliance by 1.7% in the third quarter. Cim LLC now owns 104,355 shares of the pharmacy operator’s stock worth $8,413,000 after buying an additional 1,702 shares in the last quarter. 61.32% of the stock is owned by hedge funds and other institutional investors.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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