Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Receives Average Rating of “Hold” from Brokerages

Walgreens Boots Alliance, Inc. (NASDAQ:WBAGet Rating) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $50.71.

WBA has been the subject of a number of analyst reports. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Monday, May 2nd. Royal Bank of Canada decreased their price objective on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, April 1st. Barclays decreased their price objective on shares of Walgreens Boots Alliance from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, April 1st. StockNews.com upgraded shares of Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Walgreens Boots Alliance from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 5th.

In related news, major shareholder Walgreens Boots Alliance, Inc. sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $150.00, for a total transaction of $900,000,000.00. Following the completion of the sale, the insider now owns 52,854,867 shares of the company’s stock, valued at approximately $7,928,230,050. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $27,000. Iron Horse Wealth Management LLC grew its stake in shares of Walgreens Boots Alliance by 56.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 635 shares of the pharmacy operator’s stock valued at $28,000 after buying an additional 228 shares during the period. City State Bank purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $30,000. Outfitter Financial LLC purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $31,000. Finally, West Bancorporation Inc. purchased a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at approximately $34,000. 57.02% of the stock is owned by institutional investors and hedge funds.

NASDAQ WBA opened at $40.96 on Friday. The company has a market capitalization of $35.38 billion, a PE ratio of 5.65, a P/E/G ratio of 2.21 and a beta of 0.55. The company has a fifty day moving average of $44.93 and a 200 day moving average of $47.76. Walgreens Boots Alliance has a 1 year low of $39.72 and a 1 year high of $55.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.74 and a quick ratio of 0.35.

Walgreens Boots Alliance (NASDAQ:WBAGet Rating) last issued its quarterly earnings data on Thursday, March 31st. The pharmacy operator reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The business had revenue of $33.76 billion during the quarter, compared to the consensus estimate of $33.33 billion. Walgreens Boots Alliance had a net margin of 4.62% and a return on equity of 19.15%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Research analysts expect that Walgreens Boots Alliance will post 5.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 20th will be paid a dividend of $0.4775 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $1.91 annualized dividend and a yield of 4.66%. Walgreens Boots Alliance’s dividend payout ratio is presently 26.34%.

Walgreens Boots Alliance Company Profile (Get Rating)

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores.

Featured Articles

Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

Receive News & Ratings for Walgreens Boots Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walgreens Boots Alliance and related companies with MarketBeat.com's FREE daily email newsletter.