Walgreens Boots Alliance Inc (WBA) Receives $76.88 Average PT from Analysts

Walgreens Boots Alliance Inc (NASDAQ:WBA) has been given an average rating of “Hold” by the twenty-three analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $76.76.

Several research firms have recently weighed in on WBA. Zacks Investment Research downgraded shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. BidaskClub raised shares of Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Loop Capital set a $82.00 price target on shares of Walgreens Boots Alliance and gave the stock a “buy” rating in a research note on Thursday, December 20th. UBS Group began coverage on shares of Walgreens Boots Alliance in a research note on Thursday, January 17th. They issued a “sell” rating and a $70.00 price target on the stock. Finally, Robert W. Baird decreased their price target on shares of Walgreens Boots Alliance from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st.

Shares of NASDAQ:WBA traded up $0.76 during midday trading on Friday, hitting $63.27. The company’s stock had a trading volume of 4,725,558 shares, compared to its average volume of 5,829,421. The company has a current ratio of 0.80, a quick ratio of 0.36 and a debt-to-equity ratio of 0.44. The company has a market cap of $58.71 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.02 and a beta of 0.88. Walgreens Boots Alliance has a 12-month low of $59.07 and a 12-month high of $86.31.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Friday, February 15th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Walgreens Boots Alliance by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after acquiring an additional 448,045 shares during the period. Vanguard Group Inc raised its stake in shares of Walgreens Boots Alliance by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock valued at $5,149,224,000 after acquiring an additional 448,045 shares during the period. BlackRock Inc. raised its stake in shares of Walgreens Boots Alliance by 1.7% in the 4th quarter. BlackRock Inc. now owns 53,681,897 shares of the pharmacy operator’s stock valued at $3,668,086,000 after acquiring an additional 895,469 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Walgreens Boots Alliance by 12,422.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,807,507 shares of the pharmacy operator’s stock valued at $509,000 after acquiring an additional 34,529,539 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Walgreens Boots Alliance by 21.5% in the 3rd quarter. Franklin Resources Inc. now owns 18,789,390 shares of the pharmacy operator’s stock valued at $1,369,796,000 after acquiring an additional 3,318,524 shares during the period. 63.03% of the stock is currently owned by institutional investors.

Walgreens Boots Alliance Company Profile

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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Analyst Recommendations for Walgreens Boots Alliance (NASDAQ:WBA)

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