Brokerages Set Walgreens Boots Alliance, Inc. (NASDAQ:WBA) PT at $12.58

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) have received a consensus recommendation of “Reduce” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.58.

WBA has been the topic of a number of research reports. Truist Financial dropped their price objective on Walgreens Boots Alliance from $13.00 to $10.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Morgan Stanley cut their price target on shares of Walgreens Boots Alliance from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Walgreens Boots Alliance from $19.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their target price on shares of Walgreens Boots Alliance from $13.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 4th. Finally, TD Cowen decreased their price target on Walgreens Boots Alliance from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC increased its stake in shares of Walgreens Boots Alliance by 8,670.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,245 shares of the pharmacy operator’s stock valued at $29,000 after purchasing an additional 3,208 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Walgreens Boots Alliance in the third quarter valued at about $30,000. Eastern Bank bought a new position in Walgreens Boots Alliance in the third quarter valued at about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in Walgreens Boots Alliance during the second quarter worth about $34,000. Finally, Brooklyn Investment Group bought a new position in shares of Walgreens Boots Alliance in the third quarter worth about $35,000. Institutional investors and hedge funds own 58.59% of the company’s stock.

Walgreens Boots Alliance Trading Down 0.6 %

Shares of NASDAQ:WBA opened at $9.62 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.37 and a current ratio of 0.68. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -0.96, a PEG ratio of 1.36 and a beta of 0.66. Walgreens Boots Alliance has a 1-year low of $8.08 and a 1-year high of $27.05. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $10.24.

Walgreens Boots Alliance (NASDAQ:WBA) last released its quarterly earnings data on Tuesday, October 15th. The pharmacy operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Walgreens Boots Alliance had a positive return on equity of 14.23% and a negative net margin of 5.85%. The business had revenue of $37.50 billion during the quarter, compared to analyst estimates of $35.75 billion. During the same period last year, the company posted $0.67 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Walgreens Boots Alliance will post 1.53 EPS for the current fiscal year.

Walgreens Boots Alliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 10.40%. Walgreens Boots Alliance’s dividend payout ratio (DPR) is presently -9.99%.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.