Traders sold shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) on strength during trading hours on Monday. $24.11 million flowed into the stock on the tick-up and $53.51 million flowed out of the stock on the tick-down, for a money net flow of $29.40 million out of the stock. Of all equities tracked, Walgreens Boots Alliance had the 32nd highest net out-flow for the day. Walgreens Boots Alliance traded up $0.35 for the day and closed at $70.47
Several brokerages recently issued reports on WBA. Loop Capital set a $82.00 price target on Walgreens Boots Alliance and gave the company a “buy” rating in a research note on Wednesday, January 23rd. UBS Group began coverage on Walgreens Boots Alliance in a research note on Thursday, January 17th. They set a “sell” rating and a $70.00 price target on the stock. BidaskClub lowered Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Needham & Company LLC upgraded Walgreens Boots Alliance to a “buy” rating and set a $94.00 price objective on the stock in a research note on Thursday, December 20th. Finally, Robert W. Baird lowered their price objective on Walgreens Boots Alliance from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, December 21st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Walgreens Boots Alliance has an average rating of “Hold” and a consensus target price of $78.83.
The company has a debt-to-equity ratio of 0.44, a current ratio of 0.80 and a quick ratio of 0.36. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Friday, February 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, February 14th. Walgreens Boots Alliance’s payout ratio is presently 29.24%.
In other news, Director Nancy M. Schlichting sold 7,050 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $78.81, for a total transaction of $555,610.50. Following the completion of the sale, the director now directly owns 5,709 shares of the company’s stock, valued at $449,926.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.73% of the company’s stock.
A number of hedge funds have recently modified their holdings of WBA. Focused Wealth Management Inc increased its holdings in shares of Walgreens Boots Alliance by 10.1% in the 4th quarter. Focused Wealth Management Inc now owns 1,651 shares of the pharmacy operator’s stock worth $113,000 after buying an additional 151 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of Walgreens Boots Alliance by 5.9% during the 4th quarter. Mission Wealth Management LP now owns 3,124 shares of the pharmacy operator’s stock valued at $213,000 after purchasing an additional 175 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Walgreens Boots Alliance by 3.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 5,668 shares of the pharmacy operator’s stock valued at $387,000 after purchasing an additional 175 shares during the last quarter. Northside Capital Management LLC grew its holdings in Walgreens Boots Alliance by 2.3% in the 4th quarter. Northside Capital Management LLC now owns 8,335 shares of the pharmacy operator’s stock worth $570,000 after acquiring an additional 184 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. grew its holdings in Walgreens Boots Alliance by 4.0% in the 4th quarter. Taylor Cottrill Erickson & Associates Inc. now owns 4,807 shares of the pharmacy operator’s stock worth $328,000 after acquiring an additional 184 shares during the last quarter. 66.57% of the stock is owned by institutional investors and hedge funds.
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Walgreens Boots Alliance Company Profile (NASDAQ:WBA)
Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.
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