Walgreens Boots Alliance (NASDAQ:WBA) Shares Up 0.1%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares were up 0.1% during mid-day trading on Monday . The stock traded as high as $9.29 and last traded at $9.07. Approximately 4,496,606 shares were traded during trading, a decline of 72% from the average daily volume of 16,337,372 shares. The stock had previously closed at $9.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WBA shares. Royal Bank of Canada cut their price objective on shares of Walgreens Boots Alliance from $22.00 to $13.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. JPMorgan Chase & Co. decreased their price target on shares of Walgreens Boots Alliance from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Evercore ISI decreased their price objective on Walgreens Boots Alliance from $17.00 to $10.00 and set an “in-line” rating for the company in a report on Friday, June 28th. UBS Group decreased their price objective on shares of Walgreens Boots Alliance from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, TD Cowen decreased their price objective on shares of 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. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.73.

Walgreens Boots Alliance Stock Up 0.4 %

The business has a 50-day moving average of $10.00 and a 200-day moving average of $14.23. 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 stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of -1.35, a P/E/G ratio of 1.03 and a beta of 0.70.

Walgreens Boots Alliance (NASDAQ:WBA) last posted 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). Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. The firm had revenue of $36.40 billion for the quarter, compared to analyst estimates of $35.94 billion. During the same quarter last year, the firm earned $1.00 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Walgreens Boots Alliance, Inc. will post 2.86 EPS for the current year.

Walgreens Boots Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date was Wednesday, August 21st. Walgreens Boots Alliance’s dividend payout ratio is presently -14.84%.

Institutional Trading of Walgreens Boots Alliance

Institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Walgreens Boots Alliance in the 2nd quarter valued at approximately $958,000. Clifford Capital Partners LLC boosted its stake in shares of Walgreens Boots Alliance by 58.4% during the 2nd quarter. Clifford Capital Partners LLC now owns 803,204 shares of the pharmacy operator’s stock worth $9,715,000 after acquiring an additional 296,135 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Walgreens Boots Alliance by 41.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 13,050 shares of the pharmacy operator’s stock worth $158,000 after buying an additional 3,816 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Walgreens Boots Alliance during the 2nd quarter worth approximately $313,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Walgreens Boots Alliance during the 2nd quarter worth about $34,000. Hedge funds and other 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.