Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.96 and last traded at $10.03, with a volume of 5200047 shares traded. The stock had previously closed at $10.38.
Wall Street Analyst Weigh In
Several brokerages recently commented on WBA. Bank of America reissued an "underperform" rating and set a $11.00 price target (down from $22.00) on shares of Walgreens Boots Alliance in a research report on Friday, June 28th. JPMorgan Chase & Co. lowered their price objective on Walgreens Boots Alliance from $30.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, July 1st. UBS Group decreased their price target on Walgreens Boots Alliance from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. Truist Financial cut their price objective on Walgreens Boots Alliance from $20.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, June 28th. Finally, TD Cowen cut their price objective on Walgreens Boots Alliance from $35.00 to $22.00 and set a "buy" rating on the stock in a report on Monday, July 1st. Four equities 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $15.85.
Read Our Latest Report on WBA
Walgreens Boots Alliance Stock Down 9.0 %
The company's 50 day moving average price is $11.83 and its two-hundred day moving average price is $16.37. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.16 billion, a P/E ratio of -1.40, a P/E/G ratio of 0.70 and a beta of 0.72.
Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last released its quarterly earnings results on Thursday, June 27th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $36.40 billion during the quarter, compared to analysts' expectations of $35.94 billion. Walgreens Boots Alliance had a positive return on equity of 12.63% and a negative net margin of 3.99%. Walgreens Boots Alliance's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. As a group, research analysts expect that Walgreens Boots Alliance, Inc. will post 2.87 earnings per share for the current year.
Walgreens Boots Alliance Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.00 annualized dividend and a yield of 10.58%. Walgreens Boots Alliance's dividend payout ratio is presently -14.84%.
Hedge Funds Weigh In On Walgreens Boots Alliance
A number of hedge funds have recently made changes to their positions in the stock. Capital World Investors raised its stake in Walgreens Boots Alliance by 57.5% during the 1st quarter. Capital World Investors now owns 29,061,021 shares of the pharmacy operator's stock worth $630,334,000 after acquiring an additional 10,612,373 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Walgreens Boots Alliance by 10.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,519,845 shares of the pharmacy operator's stock valued at $170,233,000 after buying an additional 613,847 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Walgreens Boots Alliance by 98.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 6,021,126 shares of the pharmacy operator's stock valued at $72,826,000 after buying an additional 2,992,648 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Walgreens Boots Alliance by 6.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,718,659 shares of the pharmacy operator's stock valued at $32,882,000 after purchasing an additional 156,484 shares during the period. Finally, Newport Trust Company LLC purchased a new stake in Walgreens Boots Alliance during the second quarter worth approximately $31,028,000. Hedge funds and other institutional investors own 58.59% of the company's stock.
Walgreens Boots Alliance Company Profile
(Get Free Report)
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.
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