Walgreens Boots Alliance Inc (WBA) Announces Quarterly Dividend of $0.40
Walgreens Boots Alliance Inc (NASDAQ:WBA) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.40 per share by the pharmacy operator on Monday, March 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, February 14th.
Shares of Walgreens Boots Alliance (NASDAQ:WBA) opened at $76.47 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.47. The firm has a market capitalization of $75,290.84, a price-to-earnings ratio of 21.12, a PEG ratio of 1.28 and a beta of 1.22. Walgreens Boots Alliance has a 52-week low of $63.82 and a 52-week high of $88.00.
Walgreens Boots Alliance (NASDAQ:WBA) last posted its quarterly earnings data on Thursday, January 4th. The pharmacy operator reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $30.74 billion during the quarter, compared to analysts’ expectations of $30.39 billion. Walgreens Boots Alliance had a return on equity of 19.15% and a net margin of 3.19%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. research analysts expect that Walgreens Boots Alliance will post 5.71 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on WBA. Zacks Investment Research raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Saturday, January 13th. BidaskClub raised Walgreens Boots Alliance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Walgreens Boots Alliance in a research report on Wednesday, January 10th. Pivotal Research set a $73.00 price objective on Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Friday, January 5th. Finally, ValuEngine raised Walgreens Boots Alliance from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Nine investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $86.20.
Walgreens Boots Alliance announced that its board has authorized a share buyback program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the pharmacy operator to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Walgreens Boots Alliance Company Profile
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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