BidaskClub upgraded shares of Walgreens Boots Alliance (NASDAQ:WBA) from a strong sell rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Several other equities analysts also recently weighed in on the company. Morgan Stanley set a $61.00 price target on Walgreens Boots Alliance and gave the company a hold rating in a report on Tuesday, May 14th. Guggenheim assumed coverage on Walgreens Boots Alliance in a report on Thursday, April 18th. They set a neutral rating and a $59.00 price target for the company. SunTrust Banks raised their price target on Walgreens Boots Alliance to $58.00 and gave the company a hold rating in a report on Wednesday, April 3rd. Citigroup reduced their price target on Walgreens Boots Alliance from $76.00 to $60.00 and set a neutral rating for the company in a report on Wednesday, April 3rd. Finally, UBS Group reduced their price target on Walgreens Boots Alliance from $60.00 to $49.00 and set a sell rating for the company in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $67.89.

Shares of NASDAQ:WBA opened at $49.34 on Thursday. Walgreens Boots Alliance has a 1-year low of $49.31 and a 1-year high of $86.31. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 0.50. The firm has a market cap of $46.22 billion, a PE ratio of 8.27, a P/E/G ratio of 1.03 and a beta of 0.77.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a net margin of 3.77% and a return on equity of 22.00%. The company had revenue of $34.53 billion for the quarter, compared to the consensus estimate of $34.57 billion. During the same quarter in the previous year, the business earned $1.73 earnings per share. Walgreens Boots Alliance’s revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Walgreens Boots Alliance will post 5.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, May 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 annualized dividend and a dividend yield of 3.57%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently 29.24%.

In other Walgreens Boots Alliance news, COO Ornella Barra acquired 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average cost of $54.56 per share, with a total value of $982,080.00. Following the completion of the transaction, the chief operating officer now directly owns 26,425 shares of the company’s stock, valued at approximately $1,441,748. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the sale, the chief accounting officer now directly owns 435,811 shares in the company, valued at $23,119,773.55. The disclosure for this sale can be found here. Company insiders own 15.73% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in WBA. Horan Capital Advisors LLC. purchased a new position in Walgreens Boots Alliance in the first quarter worth about $25,000. Nelson Roberts Investment Advisors LLC purchased a new position in Walgreens Boots Alliance in the first quarter worth about $25,000. Massey Quick Simon & CO. LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter worth about $27,000. Murphy Pohlad Asset Management LLC purchased a new position in Walgreens Boots Alliance in the fourth quarter worth about $29,000. Finally, Trustcore Financial Services LLC purchased a new position in Walgreens Boots Alliance in the first quarter worth about $31,000. 61.62% 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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