Brokerages Set Walgreens Boots Alliance Inc (WBA) Price Target at $77.82

Walgreens Boots Alliance Inc (NASDAQ:WBA) has received an average rating of “Hold” from the twenty-three brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $77.82.

A number of analysts have issued reports on the company. Barclays raised their target price on Walgreens Boots Alliance from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, October 12th. Citigroup raised their target price on Walgreens Boots Alliance from $69.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, October 12th. Zacks Investment Research lowered Walgreens Boots Alliance from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Loop Capital set a $82.00 target price on Walgreens Boots Alliance and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, UBS Group assumed coverage on Walgreens Boots Alliance in a report on Thursday, January 17th. They issued a “sell” rating and a $70.00 target price on the stock.

In other Walgreens Boots Alliance news, Director Nancy M. Schlichting sold 7,050 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $78.81, for a total value of $555,610.50. Following the completion of the sale, the director now owns 5,709 shares in the company, valued at approximately $449,926.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.73% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in Walgreens Boots Alliance by 5,328.4% in the 4th quarter. Acadian Asset Management LLC now owns 838,801 shares of the pharmacy operator’s stock valued at $57,318,000 after purchasing an additional 823,349 shares during the last quarter. LPL Financial LLC raised its position in Walgreens Boots Alliance by 17.1% in the 4th quarter. LPL Financial LLC now owns 183,321 shares of the pharmacy operator’s stock valued at $12,526,000 after purchasing an additional 26,761 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Walgreens Boots Alliance in the 4th quarter valued at $3,594,000. Keeley Teton Advisors LLC raised its position in Walgreens Boots Alliance by 4.9% in the 4th quarter. Keeley Teton Advisors LLC now owns 5,619 shares of the pharmacy operator’s stock valued at $384,000 after purchasing an additional 262 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in Walgreens Boots Alliance in the 4th quarter valued at $53,000. Institutional investors own 63.07% of the company’s stock.

Shares of NASDAQ WBA traded down $0.27 during mid-day trading on Thursday, reaching $71.20. 4,630,721 shares of the company traded hands, compared to its average volume of 5,254,712. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.80. The firm has a market cap of $67.28 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.11 and a beta of 0.98. Walgreens Boots Alliance has a fifty-two week low of $59.07 and a fifty-two week high of $86.31.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings data on Thursday, December 20th. The pharmacy operator reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. The business had revenue of $33.79 billion for the quarter, compared to analyst estimates of $33.90 billion. Walgreens Boots Alliance had a return on equity of 22.17% and a net margin of 3.96%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts forecast that Walgreens Boots Alliance will post 6.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Friday, February 15th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.47%. Walgreens Boots Alliance’s dividend payout ratio is currently 29.24%.

About Walgreens Boots Alliance

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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