Walgreens Boots Alliance (NASDAQ:WBA) Trading Up 6%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) traded up 6% during trading on Friday . The stock traded as high as $9.12 and last traded at $9.03. 9,142,651 shares were traded during trading, a decline of 44% from the average session volume of 16,303,138 shares. The stock had previously closed at $8.52.

Analyst Ratings Changes

WBA has been the topic of several analyst reports. UBS Group dropped their price target on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. TD Cowen cut their price target on Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Bank of America lowered their price target on Walgreens Boots Alliance from $11.00 to $7.50 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Barclays reduced their target price on Walgreens Boots Alliance from $11.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, July 23rd. Finally, Truist Financial dropped their price target on shares of Walgreens Boots Alliance from $20.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.73.

Walgreens Boots Alliance Trading Up 7.4 %

The business’s 50 day simple moving average is $10.04 and its 200-day simple moving average is $14.42. The stock has a market capitalization of $7.90 billion, a P/E ratio of -1.36, a PEG ratio of 0.97 and a beta of 0.70. 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) last issued its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). The company had revenue of $36.40 billion for the quarter, compared to analyst estimates of $35.94 billion. Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. As a group, analysts forecast that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend was Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio is -14.84%.

Institutional Investors Weigh In On Walgreens Boots Alliance

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Walgreens Boots Alliance during the fourth quarter worth $29,816,000. Quest Partners LLC bought a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $30,000. Hsbc Holdings PLC grew its stake in shares of Walgreens Boots Alliance by 12.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,732,428 shares of the pharmacy operator’s stock worth $45,062,000 after buying an additional 197,370 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 9.1% during the fourth quarter. Parallel Advisors LLC now owns 11,558 shares of the pharmacy operator’s stock valued at $302,000 after buying an additional 963 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Walgreens Boots Alliance by 4.4% during the fourth quarter. TD Asset Management Inc now owns 358,875 shares of the pharmacy operator’s stock valued at $9,370,000 after buying an additional 15,008 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

About Walgreens Boots Alliance

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.