Walgreens Boots Alliance Inc (NASDAQ:WBA) shares traded 3.29% higher at $21.96 on Wall Street last session.
In accordance with the data, 16 analysts cover Walgreens Boots Alliance Inc (NASDAQ:WBA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $22.00, we find $25.50. Given the previous closing price of $21.26, this indicates a potential upside of 19.94 percent. WBA stock price is now -6.45% away from the 50-day moving average and -28.65% away from the 200-day moving average. The market capitalization of the company currently stands at $18.97B.
It has been rated a hold by 11 analysts and a buy by 3. Brokers who have rated the stock have averaged $26.67 as their price target over the next twelve months.
With the price target enhanced from $27 to $30, JP Morgan Upgraded its rating from Neutral to Overweight for Walgreens Boots Alliance Inc (NASDAQ: WBA).
In other news, Walgreens Boots Alliance, Inc., 10% Owner sold 1,320,858 shares of the company’s stock on Aug 03. The stock was sold for $250,000,115 at an average price of $189.27. Upon completion of the transaction, the 10% Owner now directly owns 31,769,546 shares in the company, valued at $697.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 30, EVP, Pres. U.S. Healthcare DRISCOLL JOHN PATRICK bought 5,172 shares of the business’s stock. A total of $146,984 was incurred on buying the stock at an average price of $28.42. This leaves the insider owning 59,050 shares of the company worth $1.3 million. Insiders disposed of 159,598 shares of company stock worth roughly $3.5 million over the past 1 year. A total of 17.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WBA stock. A new stake in Walgreens Boots Alliance Inc shares was purchased by CLEAR STREET LLC during the first quarter worth $8,784,000. TUDOR INVESTMENT CORP ET AL invested $8,441,000 in shares of WBA during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Walgreens Boots Alliance Inc valued at approximately $7,720,000. ADAGE CAPITAL PARTNERS GP, L.L.C. acquired a new stake in WBA for approximately $7,193,000. CAPITAL FUND MANAGEMENT S.A. purchased a new stake in WBA valued at around $5,213,000 in the second quarter. In total, there are 1,575 active investors with 61.12% ownership of the company’s stock.
Walgreens Boots Alliance Inc (NASDAQ: WBA) opened at $21.88 on Monday. During the past 12 months, Walgreens Boots Alliance Inc has had a low of $20.48 and a high of $42.29. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 0.63, and a quick ratio of 0.30. The fifty day moving average price for WBA is $23.33 and a two-hundred day moving average price translates $30.71 for the stock.
The latest earnings results from Walgreens Boots Alliance Inc (NASDAQ: WBA) was released for Aug, 2023. According to the Pharmaceutical Retailers Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.65 by -0.02. This compares to -$0.26 EPS in the same period last year. The net profit margin was -2.21% and return on equity was -13.61% for WBA. The company reported revenue of $35.42 billion for the quarter, compared to $32.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.16 percent. For the current quarter, analysts expect WBA to generate $32.87B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/12/2023. Investors who held shares on 08/21/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.97 dividend and a 8.97% percent yield. There was an ex-dividend date of 08/18/2023 for this dividend. In terms of dividend payout ratio, WBA is presently at 38.18%.
