Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) have been given a consensus rating of “Hold” by the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation and fifteen have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.53.
Several research firms recently weighed in on WBA. Pivotal Research decreased their price objective on shares of Walgreens Boots Alliance from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. SunTrust Banks increased their price objective on Walgreens Boots Alliance from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered Walgreens Boots Alliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $73.00 to $63.00 in a research note on Wednesday, October 23rd. Wells Fargo & Co lowered Walgreens Boots Alliance from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 11th. Finally, Bank of America reissued a “sell” rating and set a $50.00 price objective on shares of Walgreens Boots Alliance in a research note on Thursday, January 2nd.
In other Walgreens Boots Alliance news, CAO Marco Patrick Anthony Pagni sold 234,355 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $63.16, for a total value of $14,801,861.80. Following the completion of the transaction, the chief accounting officer now owns 13,844 shares in the company, valued at $874,387.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.91% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Taylor Hoffman Wealth Management increased its holdings in shares of Walgreens Boots Alliance by 360.0% during the third quarter. Taylor Hoffman Wealth Management now owns 460 shares of the pharmacy operator’s stock valued at $25,000 after acquiring an additional 360 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Walgreens Boots Alliance during the third quarter valued at $31,000. Simon Quick Advisors LLC increased its holdings in shares of Walgreens Boots Alliance by 79.0% during the fourth quarter. Simon Quick Advisors LLC now owns 716 shares of the pharmacy operator’s stock valued at $42,000 after acquiring an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Walgreens Boots Alliance by 180.0% during the fourth quarter. Sound Income Strategies LLC now owns 840 shares of the pharmacy operator’s stock valued at $50,000 after acquiring an additional 540 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Walgreens Boots Alliance by 67.6% during the third quarter. Golden State Wealth Management LLC now owns 1,180 shares of the pharmacy operator’s stock valued at $65,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 60.37% of the company’s stock.
Shares of NASDAQ:WBA traded up $0.09 during midday trading on Thursday, reaching $54.52. The company had a trading volume of 1,990,173 shares, compared to its average volume of 5,061,337. The company’s 50 day moving average price is $58.07 and its 200 day moving average price is $55.66. The company has a current ratio of 0.66, a quick ratio of 0.31 and a debt-to-equity ratio of 1.34. The stock has a market cap of $48.39 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.34 and a beta of 0.90. Walgreens Boots Alliance has a 52-week low of $49.03 and a 52-week high of $74.94.
Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Wednesday, January 8th. The pharmacy operator reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.03). Walgreens Boots Alliance had a net margin of 2.69% and a return on equity of 21.76%. The firm had revenue of $34.34 billion during the quarter, compared to the consensus estimate of $34.45 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Research analysts forecast that Walgreens Boots Alliance will post 5.87 EPS for the current fiscal year.
Walgreens Boots Alliance Company Profile
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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