Walgreens Boots Alliance (NASDAQ:WBA) Sets New 52-Week Low at $49.12

Walgreens Boots Alliance Inc (NASDAQ:WBA)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $49.12 and last traded at $49.30, with a volume of 3871919 shares. The stock had previously closed at $50.41.

A number of brokerages have commented on WBA. Zacks Investment Research cut shares of Walgreens Boots Alliance from a “hold” rating to a “sell” rating and set a $53.00 price objective for the company. in a research note on Monday, June 10th. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Guggenheim began coverage on shares of Walgreens Boots Alliance in a research note on Thursday, April 18th. They issued a “neutral” rating and a $59.00 price objective for the company. Bank of America dropped their price target on shares of Walgreens Boots Alliance from $53.00 to $51.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walgreens Boots Alliance from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.82.

The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $54.27 and its 200 day moving average is $57.61. The stock has a market capitalization of $46.96 billion, a PE ratio of 8.19, a PEG ratio of 1.30 and a beta of 0.81.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Thursday, June 27th. The pharmacy operator reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $34.59 billion during the quarter, compared to analysts’ expectations of $34.52 billion. Walgreens Boots Alliance had a net margin of 3.53% and a return on equity of 22.08%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. As a group, analysts anticipate that Walgreens Boots Alliance Inc will post 5.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, August 20th will be given a $0.458 dividend. This represents a $1.83 annualized dividend and a yield of 3.72%. This is a boost from Walgreens Boots Alliance’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, August 19th. Walgreens Boots Alliance’s payout ratio is 29.24%.

A number of institutional investors have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec boosted its position in Walgreens Boots Alliance by 11.0% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 11,837,465 shares of the pharmacy operator’s stock valued at $647,154,000 after buying an additional 1,169,600 shares during the period. LSV Asset Management raised its holdings in shares of Walgreens Boots Alliance by 0.9% in the 1st quarter. LSV Asset Management now owns 11,672,531 shares of the pharmacy operator’s stock valued at $738,521,000 after purchasing an additional 107,600 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Walgreens Boots Alliance by 0.7% in the 2nd quarter. Northern Trust Corp now owns 11,647,146 shares of the pharmacy operator’s stock valued at $636,750,000 after purchasing an additional 76,864 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Walgreens Boots Alliance by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 11,529,136 shares of the pharmacy operator’s stock valued at $786,522,000 after purchasing an additional 834,241 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Walgreens Boots Alliance by 2.0% in the 1st quarter. Nordea Investment Management AB now owns 7,679,640 shares of the pharmacy operator’s stock valued at $485,896,000 after purchasing an additional 148,814 shares in the last quarter. 61.97% of the stock is owned by institutional investors.

About Walgreens Boots Alliance (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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