Walgreens Boots Alliance (NASDAQ:WBA) Trading Down 2%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s share price traded down 2% on Friday . The stock traded as low as $8.78 and last traded at $8.80. 3,928,663 shares were traded during mid-day trading, a decline of 75% from the average session volume of 16,035,016 shares. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of 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 dropped their price objective on shares of Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating on the stock in a research note on Friday, June 28th. TD Cowen dropped their price objective on shares of Walgreens Boots Alliance from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Truist Financial dropped their price objective 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. Finally, Morgan Stanley dropped their price objective on shares of Walgreens Boots Alliance from $13.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, June 28th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and an average target price of $14.73.

Walgreens Boots Alliance Trading Down 3.1 %

The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of -1.30, a PEG ratio of 1.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.65. The company’s 50 day moving average is $10.35 and its 200 day moving average is $14.85.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Walgreens Boots Alliance had a negative net margin of 3.99% and a positive return on equity of 12.63%. The business had revenue of $36.40 billion during the quarter, compared to analyst estimates of $35.94 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, research analysts forecast that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current fiscal year.

Walgreens Boots Alliance Dividend Announcement

The company also recently announced 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 dividend yield of 11.49%. The ex-dividend date was Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently -14.84%.

Institutional Investors Weigh In On Walgreens Boots Alliance

A number of hedge funds have recently made changes to their positions in WBA. Pineridge Advisors LLC bought a new stake in Walgreens Boots Alliance during the 4th quarter worth about $26,000. Quest Partners LLC bought a new stake in Walgreens Boots Alliance during the 4th quarter worth about $30,000. 1832 Asset Management L.P. grew its holdings in Walgreens Boots Alliance by 282.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,219 shares of the pharmacy operator’s stock worth $32,000 after acquiring an additional 900 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in Walgreens Boots Alliance during the 1st quarter worth about $35,000. Finally, First Personal Financial Services grew its holdings in Walgreens Boots Alliance by 260.0% during the 1st quarter. First Personal Financial Services now owns 1,800 shares of the pharmacy operator’s stock worth $39,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Walgreens Boots Alliance Company Profile

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.