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

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)’s share price traded up 2% on Tuesday . The company traded as high as $15.57 and last traded at $15.45. 3,003,568 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 12,934,575 shares. The stock had previously closed at $15.15.

Analysts Set New Price Targets

Several research analysts recently weighed in on WBA shares. Truist Financial restated a “hold” rating and issued a $25.00 price objective on shares of Walgreens Boots Alliance in a research report on Monday, April 1st. TD Cowen lowered their price objective on Walgreens Boots Alliance from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Bank of America cut their target price on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Walgreens Boots Alliance from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, April 3rd. Finally, Raymond James reiterated a “market perform” rating on shares of Walgreens Boots Alliance in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walgreens Boots Alliance presently has an average rating of “Hold” and an average target price of $23.57.

Walgreens Boots Alliance Price Performance

The business has a fifty day moving average of $17.02 and a two-hundred day moving average of $20.60. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of -2.29, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.32 and a current ratio of 0.66.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, March 28th. The pharmacy operator reported $1.20 EPS for the quarter, beating the consensus estimate of $0.82 by $0.38. The firm had revenue of $37.05 billion for the quarter, compared to the consensus estimate of $35.86 billion. Walgreens Boots Alliance had a negative net margin of 4.18% and a positive return on equity of 12.11%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, research analysts predict that Walgreens Boots Alliance, Inc. will post 3.21 EPS for the current fiscal year.

Walgreens Boots Alliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.00 annualized dividend and a yield of 6.25%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -14.29%.

Insider Transactions at Walgreens Boots Alliance

In other news, Director Inderpal S. Bhandari purchased 3,000 shares of Walgreens Boots Alliance stock in a transaction that occurred on Thursday, April 11th. The stock was acquired at an average cost of $18.05 per share, for a total transaction of $54,150.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $54,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walgreens Boots Alliance news, Director Inderpal S. Bhandari acquired 3,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was acquired at an average price of $18.05 per share, for a total transaction of $54,150.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $54,150. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Manmohan Mahajan bought 6,000 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average cost of $19.38 per share, for a total transaction of $116,280.00. Following the completion of the acquisition, the chief financial officer now directly owns 166,969 shares of the company’s stock, valued at approximately $3,235,859.22. The disclosure for this purchase can be found here. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Walgreens Boots Alliance

A number of institutional investors have recently modified their holdings of WBA. Highlander Capital Management LLC bought a new position in shares of Walgreens Boots Alliance in the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new stake in shares of Walgreens Boots Alliance in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC lifted its stake in shares of Walgreens Boots Alliance by 1,241.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,060 shares of the pharmacy operator’s stock worth $28,000 after acquiring an additional 981 shares during the period. Rocky Mountain Advisers LLC acquired a new position in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $30,000. Finally, Quest Partners LLC acquired a new position in Walgreens Boots Alliance in the fourth quarter valued at $30,000. 58.59% of the stock is currently owned by institutional investors.

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.