Walgreens Boots Alliance (WBA) Sets New 12-Month High at $83.18
Walgreens Boots Alliance Inc (NASDAQ:WBA)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $83.18 and last traded at $81.60, with a volume of 361813 shares changing hands. The stock had previously closed at $81.92.
Several equities analysts have recently issued reports on the company. ValuEngine raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. TheStreet upgraded Walgreens Boots Alliance from a “c+” rating to a “b” rating in a report on Wednesday, September 12th. BidaskClub upgraded Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. Cowen downgraded Walgreens Boots Alliance from an “outperform” rating to a “market perform” rating and set a $104.00 price objective for the company. in a report on Monday, July 23rd. Finally, Citigroup lifted their price objective on Walgreens Boots Alliance from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Walgreens Boots Alliance currently has a consensus rating of “Hold” and an average target price of $78.22.
The company has a market cap of $77.65 billion, a PE ratio of 13.54, a PEG ratio of 1.30 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.82 and a quick ratio of 0.38.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.16%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.
In other news, Director William C. Foote sold 2,736 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $79.48, for a total transaction of $217,457.28. Following the transaction, the director now directly owns 8,207 shares of the company’s stock, valued at approximately $652,292.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kimberly R. Scardino sold 11,970 shares of Walgreens Boots Alliance stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $79.79, for a total value of $955,086.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,706 shares of company stock valued at $5,268,584. Corporate insiders own 14.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of WBA. Asset Dedication LLC raised its holdings in shares of Walgreens Boots Alliance by 204.6% during the 3rd quarter. Asset Dedication LLC now owns 1,578 shares of the pharmacy operator’s stock worth $115,000 after acquiring an additional 1,060 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new stake in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $104,000. Squar Milner Financial Services LLC purchased a new stake in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $106,000. Finally, Kaizen Advisory LLC raised its holdings in shares of Walgreens Boots Alliance by 128.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,925 shares of the pharmacy operator’s stock worth $116,000 after acquiring an additional 1,083 shares in the last quarter. 64.58% of the stock is currently owned by hedge funds and other institutional investors.
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About Walgreens Boots Alliance (NASDAQ:WBA)
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 general merchandise, including non-prescription drugs, beauty products, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its retail drugstores and convenient care clinics.
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