Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Get Free Report)'s share price was down 3.4% during trading on Wednesday . The company traded as low as $10.36 and last traded at $10.36. Approximately 3,909,462 shares changed hands during trading, a decline of 75% from the average daily volume of 15,396,335 shares. The stock had previously closed at $10.73.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. UBS Group decreased their price objective on Walgreens Boots Alliance from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Morgan Stanley lowered their price target on Walgreens Boots Alliance from $13.00 to $9.00 and set an "underweight" rating on the stock in a research report on Friday, June 28th. Royal Bank of Canada dropped their price objective on Walgreens Boots Alliance from $22.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 2nd. Evercore ISI decreased their target price on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an "in-line" rating for the company in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walgreens Boots Alliance from $30.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 1st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.86.
View Our Latest Stock Analysis on Walgreens Boots Alliance
Walgreens Boots Alliance Price Performance
The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of -1.54, a P/E/G ratio of 0.76 and a beta of 0.72. The company's 50-day simple moving average is $12.14 and its 200-day simple moving average is $16.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.31.
Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $36.40 billion for the quarter, compared to analyst estimates of $35.94 billion. Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Research analysts forecast that Walgreens Boots Alliance, Inc. will post 2.87 earnings per share for the current fiscal year.
Walgreens Boots Alliance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date is Wednesday, August 21st. Walgreens Boots Alliance's dividend payout ratio is currently -14.84%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in WBA. Atlas Brown Inc. increased its stake in Walgreens Boots Alliance by 1.8% during the 1st quarter. Atlas Brown Inc. now owns 31,593 shares of the pharmacy operator's stock worth $685,000 after acquiring an additional 550 shares during the period. Westpac Banking Corp grew its holdings in shares of Walgreens Boots Alliance by 10.1% during the 4th quarter. Westpac Banking Corp now owns 6,100 shares of the pharmacy operator's stock worth $159,000 after purchasing an additional 560 shares in the last quarter. Shilanski & Associates Inc. grew its holdings in shares of Walgreens Boots Alliance by 5.3% during the 1st quarter. Shilanski & Associates Inc. now owns 11,821 shares of the pharmacy operator's stock worth $256,000 after purchasing an additional 591 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Walgreens Boots Alliance by 1.9% in the first quarter. First Trust Direct Indexing L.P. now owns 32,085 shares of the pharmacy operator's stock worth $696,000 after purchasing an additional 597 shares during the period. Finally, NBC Securities Inc. raised its stake in Walgreens Boots Alliance by 9.9% in the fourth quarter. NBC Securities Inc. now owns 6,757 shares of the pharmacy operator's stock valued at $176,000 after purchasing an additional 611 shares in the last quarter. 58.59% of the stock is owned by institutional investors.
About Walgreens Boots Alliance
(Get Free Report)
Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.
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