Walgreens Boots Alliance (WBA) Getting Somewhat Favorable Press Coverage, Accern Reports

Press coverage about Walgreens Boots Alliance (NASDAQ:WBA) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Walgreens Boots Alliance earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the pharmacy operator an impact score of 45.9157853199944 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Walgreens Boots Alliance (NASDAQ:WBA) traded up $1.25 on Thursday, reaching $75.33. 6,300,000 shares of the company traded hands, compared to its average volume of 6,500,000. The stock has a market capitalization of $74,600.00, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. Walgreens Boots Alliance has a 52 week low of $63.82 and a 52 week high of $88.00. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Walgreens Boots Alliance (NASDAQ:WBA) last posted its earnings results on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The company had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a net margin of 3.19% and a return on equity of 19.15%. Walgreens Boots Alliance’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. analysts anticipate that Walgreens Boots Alliance will post 5.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 2.12%. Walgreens Boots Alliance’s payout ratio is 44.20%.

Walgreens Boots Alliance declared that its board has approved a stock buyback plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the pharmacy operator to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently issued reports on WBA. Needham & Company LLC reissued a “buy” rating and issued a $88.00 price objective (up from $86.00) on shares of Walgreens Boots Alliance in a research note on Wednesday. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital set a $90.00 price objective on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird reissued an “outperform” rating and issued a $80.00 price objective (down from $90.00) on shares of Walgreens Boots Alliance in a research note on Thursday, October 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada began coverage on shares of Walgreens Boots Alliance in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $96.00 price objective for the company. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Walgreens Boots Alliance currently has an average rating of “Buy” and an average price target of $86.15.

In other Walgreens Boots Alliance news, Director John Anthony Lederer acquired 20,000 shares of the stock in a transaction on Thursday, October 26th. The stock was acquired at an average price of $67.00 per share, for a total transaction of $1,340,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $3,350,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Foote sold 2,736 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $67.37, for a total transaction of $184,324.32. Following the transaction, the director now owns 16,415 shares of the company’s stock, valued at approximately $1,105,878.55. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.

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About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).

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