Traders Buy Walgreens Boots Alliance (WBA) on Weakness
Traders purchased shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) on weakness during trading on Monday. $162.88 million flowed into the stock on the tick-up and $43.81 million flowed out of the stock on the tick-down, for a money net flow of $119.07 million into the stock. Of all companies tracked, Walgreens Boots Alliance had the 2nd highest net in-flow for the day. Walgreens Boots Alliance traded down ($0.03) for the day and closed at $70.55
WBA has been the topic of several research analyst reports. Zacks Investment Research downgraded Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. BidaskClub raised Walgreens Boots Alliance from a “strong sell” rating to a “sell” rating in a research report on Friday, November 10th. Vetr raised Walgreens Boots Alliance from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Needham & Company LLC cut their price objective on Walgreens Boots Alliance to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Finally, SunTrust Banks set a $80.00 price objective on Walgreens Boots Alliance and gave the company a “hold” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $84.90.
The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $69,890.00, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Thursday, February 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Wednesday, February 14th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 44.20%.
In related news, insider Stefano Pessina acquired 98,858 shares of the firm’s stock in a transaction that occurred on Monday, January 15th. The stock was purchased at an average cost of $76.07 per share, for a total transaction of $7,520,128.06. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 14.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its stake in Walgreens Boots Alliance by 10.4% in the second quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator’s stock valued at $102,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation raised its stake in Walgreens Boots Alliance by 983.3% in the third quarter. Zions Bancorporation now owns 1,365 shares of the pharmacy operator’s stock valued at $105,000 after buying an additional 1,239 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in Walgreens Boots Alliance in the fourth quarter valued at about $125,000. Fieldpoint Private Securities LLC raised its stake in Walgreens Boots Alliance by 428.6% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,850 shares of the pharmacy operator’s stock valued at $134,000 after buying an additional 1,500 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in Walgreens Boots Alliance by 46.3% in the second quarter. IHT Wealth Management LLC now owns 6,946 shares of the pharmacy operator’s stock valued at $135,000 after buying an additional 2,199 shares during the last quarter. Institutional investors own 60.12% of the company’s stock.
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About Walgreens Boots Alliance
Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance operates through three divisions, including Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Company’s products are marketed under a number of brands, which include No7, the Botanics range, Almus (generic medicines), Boots Pharmaceuticals and Soap & Glory (bathing and beauty brand).
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